Oddbean new post about login | logout I think stables can be useful. If it's difficult to access USD where you're from and/or your local fiat is even more garbage. Or to avoid crypto volatility in short/medium term. Can also be more anonymous than digital fiat.
True that. It's not the main selling point of Bitcoin though. Bitcoin wants to be more stable than USD. Good luck with that.
I don’t think Bitcoin has ever claimed stability. What it has claimed is deflation instead of inflation. Where did they talk about stability?
Ah correct. All this talk about stablecoins got me confused. Still no idea why someone would want an unstable (deflationary = unstable downward) currency.
It would definitely make people more frugal / responsible with their money. Many people consider deflationary currency as having profoundly positive moral effects on the economy writ large. For example, people are more frugal and thus are more prone to “buy it for life”. Companies start competing on who makes the longest lasting product instead of the trendy thing with planned obselesence. Etc