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Did I say hold Tether? No, I said hold UST (Terra's stablecoin). Turkey was a well functioning democracy, until it wasn't, that was my point. Did I say crypto
by koonsolo 5y ago
Did I say hold Tether? No, I said hold UST (Terra's stablecoin).
Turkey was a well functioning democracy, until it wasn't, that was my point.
Did I say cryptocurrency fixes governments? No, I said you can store value in stablecoins when you have malfunctioning governments.
If I lived in Turkey, my wealth was largely stored in UST and NOT Lira.
Not goldbars, not USD or EUR cash, not in banks or any service they provide (except day to day needs of course).
So if you lived in Turkey and had about $200K, where would you store it?
- lottin 5y agoSorry, I misread UST for USDT.