Post
Topic
Board Economics
Re: Stable coin can solve poverty
by
rahmatrf331
on 22/05/2022, 15:02:52 UTC
Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount Smiley
And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

That's not how crypto works. It will just ruin the whole economy because, to be honest, such a thing couldn't end poverty. There are lots of factors to be considered for us to end poverty and crypto alone couldn't solve that. That could be a temporary solution but the government also has to do its part. Airdrops can't make everybody rich.

for me, stablecoins make me immobile and slow to progress. I chose stable coins only as a link between coins which cannot be accurately predicted, so stable coins are the only solution. however, the notion that stablecoins can solve poverty is a little less appropriate for cryptocurrency players and as suitable for local stock players as exchanging dollars for other local currencies.