🚫 Fiat backed stable-coins are NOT the solution. Anything backed by that worthless toilet paper must be completely eliminated and replaced.
#Bitcoin was created to REPLACE and NOT EXTEND the current corruption. Start thinking is satoshis.
Discussion
Guaranteed losses to enable “stability”
But most people unfortunately will not see it.
the kids of today don't remember the days when fiat currencies were not quite so much in lockstep
when i was a kid, the australian dollar went up and down so much against the USD that it impacted trade, but that was fine, of course
and so also it is fine if bitcoin prices go up and down against fiats
and differently against different fiats, because different local markets have different demands, like the lebanese and nigerians need for more stability in the commodity prices which were going out of control
I know and it’s very frustrating.
100%