The Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 months agoBe kind to your elderslemmy.worldimagemessage-square357fedilinkarrow-up11.32K
arrow-up11.32KimageBe kind to your elderslemmy.worldThe Picard Maneuver@lemmy.world to People Twitter@sh.itjust.works · 2 months agomessage-square357fedilink
minus-squaretatterdemalion@programming.devlinkfedilinkarrow-up6·2 months agoA pretty generous comparison. USD is at least FDIC insured and somewhat tied to our country’s finances. Crypto only stabilizes around the markets that use it, i.e. black markets.
minus-squareColeSloth@discuss.tchncs.delinkfedilinkarrow-up5·edit-22 months agoAt this point, the US is becoming a black market. FDIC insures you won’t lose your money if a bank or something goes under. It doesn’t do anything to insure that the money’s value stays good.
A pretty generous comparison. USD is at least FDIC insured and somewhat tied to our country’s finances. Crypto only stabilizes around the markets that use it, i.e. black markets.
At this point, the US is becoming a black market.
FDIC insures you won’t lose your money if a bank or something goes under. It doesn’t do anything to insure that the money’s value stays good.