2 ms·
What about the ability to hold your savings in a currency that's prohibited by your government? Places with high inflation often have capital controls that mak
by bko 5y ago
What about the ability to hold your savings in a currency that's prohibited by your government?
Places with high inflation often have capital controls that make it illegal to hold foreign currency. You see your savings get cut in half every year and there's nothing you can do about it.
It would be great if there was a political solution where governments don't impose capital controls on their people. But in the mean time, crypto allows you options to hold a more stable currency (e.g. stable coin), or at least one that doesn't only go in one direction.
- deleted 5y ago[deleted]