Re: When gambling has better odds than holding your local currency
Ser, that still DOESN'T make gambling a inflation hedge that plebs or ANYONE should consider. It's very laughable that you're defending that.
If your country's currency in a state of hyperinflation that would mean that an individual should immediately buy what he needs before the currency loses value again because the prices of items could surge again before you could spend your money.
If your country's currency in a state of hyperinflation that would mean that an individual should immediately buy what he needs before the currency loses value again because the prices of items could surge again before you could spend your money.
Or hold a stronger currency. One of the benefits of crypto is the easy to hold USD stable coins like USDC without needing to have a government permit and using fintechs that charge high fees. In Brazil we can save up to 5% when buying USDT instead of buying USD on a banking app or with credit card. I believe in countries with worse currencies and more capital control, it's even more expensive and also harder to do that.
And if you can gamble, you are probably doing this with crypto and can have access to stable coins. No need to gamble just to risk your money because this is like chasing your own tail, you will eventually lose and have -100% instead of a inflation of 30%.
Stablecoins have their own use cases that are very important in crypto. That's why I'm supportive towards the project that is/was building a stablecoin protocol on top of Runes, which Runes could also be integrated in usage with the Lightning Network for higher throughput and low fees - and probably also for some privacy.
You can the topic I started in Project Development.