Bill Cypher on Nostr: Rebuttal to the stablecoin convention this week. Stablecoin recipe ingredients list. ...

Rebuttal to the stablecoin convention this week.

Stablecoin recipe ingredients list.

100% of inflation risk of fiat.
100% of key management hassle and online security risk of bitcoin.
Take your crypto portion and split it into its 2 component parts.
Keep the counterparty rug risk
discard the miniscule chance that you bought a winning lottery ticket.

Even when I was new and ill informed enough to be into crypto I knew better than to ever touch stablecoins. I started because I wanted to buy ripple of all the stupid BS out there and even I was smart enough to never once use a stablecoin.

Remember that crypto sometimes goes up against the dollar temporarily because of the greater fool theory. If you are holding a crypto guaranteed to never go up against the dollar that tells you that there can be no greater fool than you.