Replying to Avatar Satosha

If you are rich ..and have more than 250 K ..

Would you keep in Chase or Wells Fargo?

Or keep your stash as #USDC ?

#askNostr

Asking cuz , as I understood, the money issued by banks is backed only ten percent by US dollars ..whereas #circle USDC is backed 100 percent by dollars ..

And more than 250 K are not FDIC insured ..
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🇵🇸 whoever loves Digit 1y ago

I don't know my net worth but it might be around 250k and it's mostly doggie coin

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Satosha 1y ago

I saw your comparison chart - Dodge vs gold .. pretty impressive .. I guess Elon will take it to one dollar and then make it a stable coin .. I mean he will by if it drops below 1 dollar and sell if goes above ... or use some kind of spread thing ... that is exactly what stables are ..

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🇵🇸 whoever loves Digit 1y ago

That would be interesting, but he can't keep it down to a dollar forever without killing me or something cause I'd buy it all eventually