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Absolutely not. The reason bank interest is lower is because the FDIC ensures that you get your money if the bank stops existing. If the company backing your st
by doomrobo 5y ago
Absolutely not. The reason bank interest is lower is because the FDIC ensures that you get your money if the bank stops existing. If the company backing your stablecoin stops existing, what are you left with? Nothing, of course
This not disruptive. This is just normal investing with all the risks attached
- bufferoverflow 5y agoFDIC doesn't have enough money to cover everyone in case of some really bad event. And FDIC is useless when your currency is devalued / hyoerinflated.
- antifa 5y agoWhat's an example of an event where the FDIC needs to cover everyone, but the blockchain isn't taken offline or worse?
- tim333 5y agoAccording to Nexo "Disrupting the financial system, one bit at a time." they have 3 million users on their saving platform. (https://nexo.io/about-us https://nexo.io/about-us). I haven't used them and am not recommending them but there seems to be something going on there.
- CRConrad 5y ago> not recommending them but there seems to be something going on there. Isn't that exactly what they said about tulip bulbs too?