Post
Topic
Board Economics
Re: Stable coin can solve poverty
by
so98nn
on 02/06/2022, 07:44:21 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

Nah, it does not work like that. You are saying, similar thing as if government is giving away stimulus packages to everyone. Then for this they are printing money blindly and keep giving it to all of the nationals within. Remember what happened with US when they started doing this in the middle of pandemic? We came to dead end of inflation and things got out of hand.

Giving away stable-coins with airdrop is similar thing. If you keep giving them free money they will dump it as soon as they get the opportunity. Plus, this is decentralised economy, they will sell it as soon as they get the opportunity.

Finance is critical thing, it needs to be planned properly.