Woke Monkey
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Bitcoin vs USD vs USD Stablecoin
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Do you own any domains yourself, or did you join NP just to push a stable agenda?
Why did you register that name?
Why did you register that name?
iMO Ethereum has a far greater use case than BTC yet a much lower market cap
I’d rather be paid in bitcoin. It avoids the legal problems and fees of “on boarding” and BTC is hard money, like gold. It’s better to keep the hardest money - For example, spend airline points rather than dollars. Gold can’t be easily transferred though. BTC is hard money for the internet.
I would project the Federal Reserve / Congress to add 10 trillion of capital / debt to the economy this year. This will counter short term deflation but people will eventually realize when it comes to dollars we are playing with Monopoly money and that bitcoin and gold are true hard money. Bitcoin is deflationary, while the federal reserve tries to inflate the dollar at least 2% a year. I think it will be higher than that though. We are in a world war against the virus. War causes inflation.
That being said, I use credit cards for domain expenses because I can get a 1.5 to 4% rebate, and I need to pay my debts. It’s best to HODL BTC, so it would depend how many dollars I already have saved at the time. Bitcoin is better long term.
And yes, I have crypto names but I’m a teacher and stating this for educational purposes. I focus on end users sales, and don’t really consider selling to domainers.
WokeMonkey is posting (spamming) all over the internet at forums to promote this “new” cryptocurrency. That’s about it.
I’d avoid all cryptos but bitcoin. Bitcoin is the only one institutions are interested in.
Bernie Madoff Move Over: 'Stablecoins' Have You Beat
https://www.google.com/amp/s/www.fo...doff-move-over-stablecoins-have-you-beat/amp/
“a new [ponzi] scam is rising to the top, like bits of toilet paper in sewage: stablecoins.
The stablecoin con begins with a simple value proposition. “[Stablecoins’] main use case is to provide cryptocurrency users with the ability to convert volatile crypto positions into anti-fragile or ‘stable’ alternatives,” explains Sam Ouimet, market analyst at CoinDesk.
In other words, if Bitcoin or some other crypto is too volatile for your liking, move your crypto investment into a stablecoin. Its value will go up or down with the value of the underlying asset, but will be far more stable than the crypto you had invested in before.
Just one problem: as with any Ponzi scheme, the value of your investment is stable until the bottom falls out, and it becomes worthless. Your money, meanwhile, is in the pockets of the scammers.
I am reminded of the scene in The Wizard of Lies where Robert DeNiro as Bernie Madoff receives redemption requests he can’t handle, signaling the unraveling of his massive Ponzi scheme.
Today, Madoff no longer lives in luxury – but I’m sure he’d welcome company. It looks like stablecoins will sooner or later grant that wish.”
Forbes