this post was submitted on 18 Mar 2025
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Be kind to your elders (lemmy.world)
submitted 1 day ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 3 points 4 hours ago (1 children)

A pretty generous comparison. USD is at least FDIC insured and somewhat tied to our country's finances. Crypto only stabilizes around the markets that use it, i.e. black markets.

[โ€“] [email protected] 2 points 3 hours ago* (last edited 3 hours ago)

At this point, the US is becoming a black market.

FDIC insures you won't lose your money if a bank or something goes under. It doesn't do anything to insure that the money's value stays good.