64 sats \ 1 reply \ @grayruby 6 May \ parent \ on: Five perspectives on stablecoins bitcoin
I also think as much as Americans, Canadians (in my case) and our friends in England and most of Europe like to harp on our domestic fiat currencies being trash (and they are), those currencies are very stable compared to what much of the world deals with.
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.
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