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Stable coins are all the rage to fight inflation. 'Regular Joes' call them dollars, they exist as pieces of paper you can hold in your hand. They don't need to
by joosters 5y ago
Stable coins are all the rage to fight inflation.
'Regular Joes' call them dollars, they exist as pieces of paper you can hold in your hand. They don't need to play silly games with crypto scammers.
- nimchimpsky 5y agodollars don't fight inflation. I think the previous comment is confused with terminology
- lucasverra 5y ago- Do you know what currency controls are? - it's the government telling how much you can have of those dollars - it's the government mandatory currency conversion to local currency when receiving dollars from outside the country. Gvmt keep the dollars and hand you local currency (that one that is loosing value by the day)
- pjc50 5y agoYes. Countries not using dollars are exposed to conversion risk and potential shortages of hard currency. People whose native currency is the US dollar are not exposed to this risk, which is why all the inflation hawk stuff tends to look silly.
- unstatusthequo 5y agoHolding cash during inflationary periods doesn’t fight inflation. Your dollar becomes less valuable.