Tony Bark@pawb.social to politics @lemmy.worldEnglish · 21 days agoSenate Passes Massive Cryptocurrency Bill, Ignoring Risk To Financial Systemtalkingpointsmemo.comexternal-linkmessage-square30fedilinkarrow-up1278arrow-down12
arrow-up1276arrow-down1external-linkSenate Passes Massive Cryptocurrency Bill, Ignoring Risk To Financial Systemtalkingpointsmemo.comTony Bark@pawb.social to politics @lemmy.worldEnglish · 21 days agomessage-square30fedilink
minus-squarepeoplebeproblems@midwest.sociallinkfedilinkEnglisharrow-up23·21 days agoSo if I get this right, people will exchange the dollar, a fiat currency, for a stablecoin. The stablecoin, itself, being a fiat currency. So basically, if I want to own something that isn’t purely speculative, I’m going to be forced to own real estate or gold? What’s the point of all this liquidity?!!?!
minus-squarekautau@lemmy.worldlinkfedilinkarrow-up32·21 days agoTo quickly move financial assets out from the country in a way that is difficult or impossible to reverse or track
So if I get this right, people will exchange the dollar, a fiat currency, for a stablecoin. The stablecoin, itself, being a fiat currency.
So basically, if I want to own something that isn’t purely speculative, I’m going to be forced to own real estate or gold?
What’s the point of all this liquidity?!!?!
To quickly move financial assets out from the country in a way that is difficult or impossible to reverse or track