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
The Biggest Mistakes First-Time Founders Make - Michael Seibel
Here are some of the biggest mistakes first-time founders make when starting their company and in the first year afterwards. First, I often see founders choosing to solve a problem that they actually don’t care about. Well, this mistake isn’t fatal, and …
If you can't focus, please watch this video…
Do you know why your brain is like a browser with too many tabs open? What if I told you that you’re just one funny cat video away from losing your focus completely? In this video, I will dive into a major culprit of focus. By the end of this video, you’l…
What advice do you have for someone wanting to be an entrepreneur?
So, what advice would I have for someone who wants to be an entrepreneur? Everyone’s path is different, so take anything I have to say with a grain of salt. A lot of folks think of entrepreneurship as, “Hey, I have a new idea for a business,” whether it’…
Value added approach to calculating GDP | AP Macroeconomics | Khan Academy
In previous videos, we talked about GDP as the market value of final goods and services produced in a country in a given time period, let’s say in a given year. We gave the example of producing jeans, where maybe the farmer helps produce the cotton, and t…
Sarah Chou on Finding Product-Market Fit in the Education Industry - at YC Edtech Night
Hi everyone! Really, really nice to meet you. It’s so exciting to see—I mean, yeah, this is a lot of companies. This is really exciting. So, I am the CEO and co-founder of Informed K12. We did recently go through a name change, so we were formerly Chalk S…
From Startup to Scaleup | Sam Altman and Reid Hoffman
Thank you all for coming here. You’re, um, uh, everyone here is an important part of our, uh, of our joint Network. Um, this event started with a, um, kind of a funny set of accidents. First, Sam had this brilliant idea of teaching a startup class at Stan…