The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 days agoBe kind to your elderslemmy.worldimagemessage-square332fedilinkarrow-up11.29Karrow-down134
arrow-up11.26Karrow-down1imageBe kind to your elderslemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 days agomessage-square332fedilink
minus-squaretatterdemalionlinkfedilinkarrow-up6·1 day 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-up4arrow-down1·edit-21 day 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.