Post
Topic
Board Economics
Re: Stable coin can solve poverty
by
Smartvirus
on 01/06/2022, 22:25:35 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
Wow! Are you serious! Like, you really do believe this is a solution?
Sorry but, there is no way this is a solution to the world's poverty issue. Airdrops are some free money through which, people earn a few bucks from doing little tasks from publicity to referrers. Now, you want people to be given coins and then it comes with some real value to be used in exchanges. Its jus another way of having some pump and dump coin except on this case, its likely never going to have any real value.
Meanwhile, stablecoins aren't coins  that people do hodl and expect it to appreciate in value. It is a coin that is used to preserve value and that's why they are referred to as stable.