Guaranteed loss coin 😂
Stablecoins are built on a shaky foundation
Stablecoins are not stable. They’re guaranteed to lose value because they are pegged to the U.S. dollar, which loses value constantly as the supply of money increases (inflation).
Compared to other fiat currencies, U.S. dollar stablecoins may *appear* to be “stable,” but when measured against Bitcoin, they are guaranteed-loss coins, as nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe calls them.
It doesn’t take a genius to work this out.
Discussion
Credit to nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe for this unambiguous term 🤌