The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 days agoBe kind to your elderslemmy.worldimagemessage-square267fedilinkarrow-up11.2Karrow-down130
arrow-up11.17Karrow-down1imageBe kind to your elderslemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 days agomessage-square267fedilink
minus-squaretatterdemalionlinkfedilinkarrow-up4·13 hours agoA pretty generous comparison. USD is at least FDIC insured and somewhat tied to our country’s finances. Crypto only stabilizes around the markets that use it, i.e. black markets.
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up3·edit-212 hours agoAt this point, the US is becoming a black market. FDIC insures you won’t lose your money if a bank or something goes under. It doesn’t do anything to insure that the money’s value stays good.
A pretty generous comparison. USD is at least FDIC insured and somewhat tied to our country’s finances. Crypto only stabilizes around the markets that use it, i.e. black markets.
At this point, the US is becoming a black market.
FDIC insures you won’t lose your money if a bank or something goes under. It doesn’t do anything to insure that the money’s value stays good.