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The average consumer is currently facing the prospect of high-inflation, exploding gas prices, and is facing a real challenge if they want to safely save the pu
by OrlandoHakim 5y ago
The average consumer is currently facing the prospect of high-inflation, exploding gas prices, and is facing a real challenge if they want to safely save the purchasing power of their earnings. I consider these to be important problems to solve so the average consumer can continue to stay above water and maybe even get ahead in life.
There is a joke about how the things we want are getting cheaper (iPhones, TVs, music streaming) while the things we need are getting more expensive (food, housing, healthcare, higher education)
Offering society a high-yield stablecoin savings option finally allows people to grow their savings and stay ahead of inflation with low relative risk.
I think that’s a honking good idea.
- babypuncher 5y agoThese aren't problems crypto actually solves. If used as an actual day-to-day replacement for the dollar, they would still be subject to the same market pressures that drive inflation and gas prices.
- OrlandoHakim 5y agoPerhaps you missed my other comments on this thread where I explained multiple ways to earn savings rates on stablecoins that significantly exceed the inflation rate. No traditional bank offers similar options.