Post
Topic
Board Economics
Re: Stable coin can solve poverty
by
dbc23
on 08/06/2022, 20:33:49 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
This is a big plot for higher inflation rate and never a poverty handling solution. You will only come to discover that after the airdrop with nice amount as you stated the poor who benefitted will not see any useful value for the stable coin because more money printing is a way of invoking higher inflation rate