Quote from: BitcoinPanther on May 25, 2022, 09:44:01 PM

Quote from: 325btc on May 20, 2022, 06:23:33 PM

Plan to solve
Create usd or other stablecoin like eur or why not gbp...
And make big airdrop.
So everybody will get nice ammount

And exchangers will pay apy like 40-50% to hold

Its instant plan to remove poverty you print money

On the outlook this is a sound plan but in reality this is just another non-sense proposal. It is easy to create gazillions of stable token and distribute then so that each individual can have millions of stablecoin but the main concern here is the value. To be able for stablecoin to function well, it needs to be backed up by its currency counterpart 1:1. If not then the mentioned stablecoin is as good as those worthless scam token that is scattered on the cryptocurrency market.

Also this idea to give people a lot of money so they can afford stuff simply does not work, it is not rare to listen to people say something like ‘if you gave one million dollars to everyone then everyone will be a millionaire’ and in theory that is true.

But what they fail to understand is that now a bottle of water will be worth 50k and a house will be worth 1 billion or more, so this idea of solving the economic issues that we are having by giving money away is never going to work.