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Many keep saying that BTC is like gold, an edge against inflation. I disagree. I think that one of fundamental problem with inflation is that banks pay almost z
by tibiahurried 5y ago
Many keep saying that BTC is like gold, an edge against inflation. I disagree. I think that one of fundamental problem with inflation is that banks pay almost zero interest rates, thus USD sitting in your bank account lose value overtime.
Now, what if banks were to offer decent interests rates? To at least compensate the inflation rate? Wouldn't that solve the "inflation" problem?
This is possible today with DeFi and stable crypto like USDT, platform like Celsius; where they pay you up to 10% interest rates on your $$$ sitting ducks.
Think about that for a second 10% !
If banks were not as greedy as they are and share more profits with their customers, inflation wouldn't be that big of a deal.
- AstralStorm 5y agoBy stable you meant over 100% volatility and bring unable to transact on the whim of the exchange, right?
- tibiahurried 5y agoLast time I checked USDC, USDT etc...are very much stable and you transact them on the Eth network, no exchange required.