RE: HBD: Argentina Is Showing The Path For Stablecoins

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RE: HBD: Argentina Is Showing The Path For Stablecoins

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shortsegments in LeoFinance • last year

This level of understanding is far above the norm, and it would be good if others understood what you make so clear in the his post.

Volatility is the enemy or opposite of stability. Which is what people seek in a unit of exchange.

I do understand that you need to own assets not dollars during periods of high inflation to preserve the buying power of your labor, which is one of the Bitcoin maxis claims. And Which is true longterm for bitcoin, but it’s day to day volatility makes it an unfit medium of exchange.

I agree that algorhythmic stables are the solution to usd due to political issues, freezing and seizure issues, which make it undesirable as a global currency, and a stimulus for a BRICS currency, but all must realize the huge network effect and first mover effect of usd which makes BRICS currency theoretically viable but realistically not possible. In the future maybe.

Your idea of the dollar becoming a unit of account is an amazing one and certainly one version of the worlds future.

Bravo

last year in LeoFinance by shortsegments

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taskmaster4450le last year

I do understand that you need to own assets not dollars during periods of high inflation to preserve the buying power of your labor,

It is because inflation is misunderstood.

What is the inflation rate of bitcoin? Hive? Ethereum? People answer that with 1%, 5% or whatever. It is the expansion of the number of units on a yearly basis.

Notice how it has nothing to do with prices. People think price increases mean "money printing" is taking place. How did we hear about inflation over the last 4 years and it due to the money printing.

Yet every earnings call for two years, CEOs talked about supply chain shortages. Does anything think shutting down the global economy, killing supply of many thing, had anything to do with it?

No they simply say it is money printing, once again proving how economists brainwashed them into being completely naive.

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shortsegments last year

I agree it is an often overlooked source of price inflation; supply and demand. A economic fact which transcends politics, borders, even oceans with the globally linked economy.
I think they want us to fixate on the money printing because the masses got very small drops of it, as if to excuse the governments role in shutting down the global economy and causing all the supply chain problems with resultant increased prices. Perhaps this increased prices more than money printing?
I suppose if we had the numbers we could compare them. Do you have the numbers or indirect markers of the impact of supply chain damage’s contribution to inflation?

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