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> > would convert a some portion of my savings into stablecoins > This is probably the worst choice one can make. It's accepting a 0% nominal yield against an
by wallacoloo 4y ago
> > would convert a some portion of my savings into stablecoins
> This is probably the worst choice one can make. It's accepting a 0% nominal yield against an unregulated counterparty. A Bank of America savings account is literally a better choice.
you clipped out half the sentence:
> I would convert a some portion of my savings into stablecoins and spread them out into some interest accounts to try to minimize counterparty risk.
interest accounts. i.e. non-0% nominal yields.
- FabHK 4y agoAnd have credit risk against some untested crypto-startup without FDIC deposit insurance?
- wallacoloo 4y agoyes. i'm not taking any stance on the risk v yield profile. i was just bothered by JumpCrisscross's mischaracterization of the earlier comment & wanted to correct that.
- deleted 4y ago[deleted]