It is relative to Bitcoin or Ethereum (which was the issue at the time). It's stable but it always goes down overtime stable is just a way of expressing low volatility really. Unfortunately, most people's bills and income are denominated in fiat so it will still have a major utility unless that changes in the future.
fiat itself but bonds which esentially means if you have it you pay / hold government debt
Bonds owned domestically are actually better than digital fiat. The way the system works you have more secure ownership of your short term bonds than the fake dollars in your bank account. Those can be tied up in a bank closure, bank bail outs, bank bail ins, etc. If you want the best fiat with the least counter-party risk it's physical cash, bonds are second to that.
I honestly think it's and easy and nessecary win for us to rename these shitcoins and to talk about them for what they are. Fake ass money
I think this is unfortunately one of those circumstances where once a name is in place it's very hard to change it.
All this to say, I agree with your broader point, I'm just not sure anything can be done about that beyond opting out and then doing some of the fun fuck the system stuff I intend to write about here.
It is relative to Bitcoin or Ethereum (which was the issue at the time). It's stable but it always goes down overtime stable is just a way of expressing low volatility really. Unfortunately, most people's bills and income are denominated in fiat so it will still have a major utility unless that changes in the future.
Bonds owned domestically are actually better than digital fiat. The way the system works you have more secure ownership of your short term bonds than the fake dollars in your bank account. Those can be tied up in a bank closure, bank bail outs, bank bail ins, etc. If you want the best fiat with the least counter-party risk it's physical cash, bonds are second to that.
I think this is unfortunately one of those circumstances where once a name is in place it's very hard to change it.
All this to say, I agree with your broader point, I'm just not sure anything can be done about that beyond opting out and then doing some of the fun fuck the system stuff I intend to write about here.