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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
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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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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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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