0 sats \ 3 replies \ @faithandcredit 30 Jan 2023 \ on: Daily discussion thread
If the Fed offered you 20% interest but you had to sell your BTC would you take it? Be honest
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0 sats \ 0 replies \ @ek 1 Feb 2023
Be honest
found the shitcoiner
jk
I would say it depends on the specifics. Where do the 20% interest come from? And can I immediately exchange the interest earned back into bitcoin?
Edit: Oh, I didn't read properly. I have to sell my BTC lol, so I guess no, I can't buy bitcoin with it
Then definitely a no.
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0 sats \ 0 replies \ @nullama 30 Jan 2023
They can literally print out all that 20% for free, devaluating the dollar.
Makes no sense to exchange Bitcoin for that.
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0 sats \ 0 replies \ @NorthKoreanHostage 30 Jan 2023
That would be just another stablecoin Ponzi scheme.
Fuck no.
It would have the opposite effect of what they intended. That would destroy my remaining confidence in the dollar.
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