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Point 3 is bad advice, historically it's been the Swiss franks that is the gold standard for saving up in case of hyperinflation.
by 0dayz 2y ago
Point 3 is bad advice, historically it's been the Swiss franks that is the gold standard for saving up in case of hyperinflation.
- indy 2y agoAgreed, but someone in say Argentina or Nigeria will use crypto as that is more attainable.
- dagw 2y agoGetting your money into a crypto coin that tracks a stable currency can in some cases be cheaper and easier than getting your money into that currency.
- FabHK 2y agoYeah, like Liberty Reserve back in 2006. A centralised stable coin, which was shut down by the US government a few years later for the usual reasons: money laundering, crime, etc. Crypto, being permissionless, is just a bit harder to shut down; but not any more legal.