Fred Ehrsam pfp
Fred Ehrsam
@fehrsam
Fiat as a product is horrible for 2.6bn people. Crypto and stables can fix this.
64 replies
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1554 reactions
ted (not lasso) pfp
ted (not lasso)
@ted
okay now show average memecoin loss for retail investors
40 replies
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679 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
3 replies
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31 reactions
scottrepreneur pfp
scottrepreneur
@scottrepreneur.eth
@bpmilne, re your question "why stablecoins are great" content
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11 reactions
Greg Lang pfp
Greg Lang
@designheretic
🤝
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Ian Place pfp
Ian Place
@ians-place
The best stables are collateralized by fiat so do you wanna elaborate at all?
1 reply
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3 reactions
Tmophoto pfp
Tmophoto
@tmophoto
how does crypto or "stables" fix this. stable coins lost 45% according to your chart.
2 replies
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2 reactions
wahoo.eth 🎩✨ pfp
wahoo.eth 🎩✨
@wahoo
Very true. Money printing shows no sign of slowing down. 113✨
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yangwao ↑ pfp
yangwao ↑
@yangwao
Does it account average memecoin loss for retail investors?
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Vova pfp
Vova
@vova
Stables aren't much better. It's still the same fiat that lost 20-25% since 2019. But it's an easy to understand product for those 2.6bn.
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zoz pfp
zoz
@zoz.eth
fiat has had quite the head start..... It will be bypassed in a fraction of time
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Electrifying pfp
Electrifying
@electrifying
Good point
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Rhorse pfp
Rhorse
@rhorse
Good products, but it won’t happen in our lifetime
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Fonzo pfp
Fonzo
@eqw
You can buy memecoins instead of fiat, try your luck and fix some cash
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Sasha pfp
Sasha
@perrsiikk
So interesting
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Sagecharacter pfp
Sagecharacter
@sagecharacter
Fully agree with you
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Erik3.eth pfp
Erik3.eth
@tron
Does having one stable currency, with immutable value, across the whole world change this? Feels too simplistic .
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Lutz pfp
Lutz
@montag
thats why bitcoin is so great
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thebestwallet pfp
thebestwallet
@thebestwallet
is that fiat actually lost (as in stolen) or depreciation?
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0xAnselem pfp
0xAnselem
@acgentle
Crypto is a big fix for the flaws of fiat
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