Amazing. Crypto is the future.

We love to see it don't we folks. Still more than I have in my bank account though.

    • zifnab25 [he/him, any]
      ·
      2 years ago

      All stable-coins are scams. Pretty much baked into the premise of the product.

        • StewartCopelandsDad [he/him]
          ·
          2 years ago

          Do you have any reasons why USDC is a scam compared to other stables? If it's just "crypto/stables are scams" you're not wrong but it's tough to make money off that without taking on crypto price risk, which I don't do.

          • silent_water [she/her]
            ·
            2 years ago

            mate, every stable coin is sold on the basis of a promise - either that it's backed by "reserves", a term the crypto community actively lies about, conflating deposits with reserves, or that it's peg is algorithmically maintained. you're giving money to capitalists on their word that they're trustworthy enough to deserve sole and exclusive access to the money printer. it's only in finance that people can promise literally no value yet invent capital out of thin air. stable coins are a scam. the only ones who profit are the people at the top of the pyramid.

            • StewartCopelandsDad [he/him]
              ·
              2 years ago

              If it’s just “crypto/stables are scams” you’re not wrong but it’s tough to make money off that without taking on crypto price risk,

              Have a nice day