55 sats \ 2 replies \ @kepford 6 May \ parent \ on: Five perspectives on stablecoins bitcoin
In the end... my opinion is just that. Doesn't really have much of an impact unless I have skin in the game. We in the US have much less on the line in regards to money than most of the world. By that I mean they need it more than I do. I'll prioritize what I need but I'm mindful of a world I'd like to see and that greatly affects my decisions.
reply
Exactly. Either the currencies of most of the world are based on "our" fiat currencies or they are controlled by "the west". The host nations do get some things for the currency de-basement. Social programs, infra, etc but these other nations get little to nothing but larger debasement. Then you couple that with no access to saving tools means you have massive populations living hand to mouth.
Then you have the west obsessed with carbon neutral energy when much of these countries do not have reliable energy sources. Basically they are screwed. Condemned to live in poverty under oppressive fiat currencies.
This is what I meant by me not having skin in the game.
reply