RE: Stable Coins Are Still A Shitcoin

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Despite the US dollars relative strength, the currency continues to lose purchasing power, which is not about to change anytime soon.

If we keep repeating the lie long enough, does it make it true. The reality is the purchasing power of the USD exploded over both the last 50 and 100 years. It isn't even close.

The volatility will then reduce, and you will see Bitcoin become more stable as a means for purchasing goods and services without giving you or the local shopkeeper a math lesson.

I think this is a maximalists dream and shows how they truly favor financial slavery. A deflationary token will crush the economy, stifle any innovation and cause a wealth inequality never imagined before.

Bitcoin being the solution to everything is the true lie of cryptocurrency.

Posted Using LeoFinance Beta



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How is the dollars purchasing power increasing in relation to what? If you measure in hours worked to acquire a dollar versus what it can get you, your Labour is worth less because your currency is worth less

And how is bitcoin not offering a solution? It’s been working for so many around the world, it’s a national currency, it’s holding almost as much monetary value as silver.

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