Fred Ehrsam pfp
Fred Ehrsam
@fehrsam
Fiat as a product is horrible for 2.6bn people. Crypto and stables can fix this.
242 replies
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2393 reactions

Thomas pfp
Thomas
@aviationdoctor.eth
Crypto at large doesn’t fix this — most tokens are flaming garbage in which people get burned Stables don’t fix this — they’re pegged to fiat, so they’re functionally equivalent to holding fiat (with extra risk) There’s a point to be made about crypto as hedge against inflation but it needs to be much more specific to be helpful, otherwise it’s actively harmful
8 replies
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BipBoop pfp
BipBoop
@jeansaisrien
I think we need to separate the casino part from the rest. They are not the same.
1 reply
0 recast
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Thomas pfp
Thomas
@aviationdoctor.eth
Oh I’m not even thinking of the gambling into memecoins or speculation. I’m only referring to converting your hyper inflating fiat into some store of value that doesn’t destroy your purchasing power
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