yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

The Ideal Digital Coin?


less than 1m read
·Nov 8, 2024

If you want a digital currency, you have to deal with something different. I don't think that the stable coins are good, uh, uh, because then you're getting a fiat currency again. I think that what you really would, what would be best, is an inflation-linked, um, coin.

Right? In other words, something where basically you would say, okay, this is going to give me buying power. Because every individual wants—what do they want? They want to secure their buying power.

If you want to save now, if you put it in Bitcoin, it goes like this—who knows what happens? If you put it into something, the closest thing to that is an inflation index bond and so on.

But if you created a coin that says, okay, this is buying power, then I know I could save in and put my money, and over a period of time, and then I can transact anywhere. I think that that would be a good coin.

So, I think you're going to see probably the development of coins that you haven't seen that probably will end up being attractive, viable coins. I don't think Bitcoin is it.

More Articles

View All
How 3-D Imaging Helps Archaeologists Preserve the Past | National Geographic
(Gentle instrumental music) We are in the western side of the Lambayeque Valley in the north coast of Peru. This is an area where, in the past, many, many important Pre-Columbian societies developed, particularly the Moche and the Lambayeque. This is an a…
How To Become The World's First Trillionaire
Everyone is looking to make a quick buck. Whether it be a group of kids running a lemonade stand or a multi-billion dollar company making new cutting-edge technology, everyone wants to be rich. To be among the ranks of Bill Gates, Warren Buffett, Mark Zuc…
Analyzing Billions of Transactions to Understand Consumer Behavior - Michael Babineau and Kevin Hale
Mike: Kevin was a group partner when you did YC in the summer 2015 batch. What idea did you apply with? Kevin: Our basic idea at the time was really to use credit card data to help investors make better investment decisions. I think one thing that is act…
How To Find A Life Game Worth Playing
Hello Aluxer, welcome back. Now, what if we told you that what you see around you and what you’re doing right now is not actually real? And no, okay, this isn’t a VCR video, but more of an interesting way to see life, a way that, well, it might just help …
The Philosophy of the Sith | An Examination of the Dark Side (Star Wars)
The Sith are the main villains of one of the most influential movie franchises: Star Wars. The most iconic member of the Sith Lords is Darth Vader, a tragic character who used to go by the name of Anakin Skywalker. Anakin was a promising Jedi apprentice t…
The FED Just Crashed The Market (Major Changes Explained)
What’s up, Graham? It’s guys here, and it’s official. As of a few hours ago, the Federal Reserve just raised their benchmark interest rates by another 25 basis points, which means as of today we are sitting at the highest interest rates that we have seen …