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 Close We've Come to Nuclear War
Ever since the invention of nuclear weapons, humanity has almost accidentally destroyed itself many times over. This is a video about just some of those times. (rocket whooshing) It’s about nuclear bombs and missiles accidentally detonating. It’s about hy…
How to Invest in the 2020 Stock Market Bubble...
Hey guys, welcome back to the channel! In this video, we’re going to be talking about how we as investors should be approaching the topic of investing right now. Man, 2020 has been a whirlwind year, not just in general but also in the stock market. Someho…
Labor and Capital Are Old Leverage
So why don’t we talk a little bit about leverage? The first tweet in the storm was a famous quote from Archimedes, which was: “Give me a lever long enough and a place to stand, and I will move the earth.” The next tweet was: “Fortunes require leverage.” …
Seth Klarman's Warning for "The Everything Bubble"
The first thing is, we’ve been in an everything bubble. I think that a lot of money has flowed into virtually everything. You’ve had speculation during that bubble in all kinds of things from crypto to meme stocks to SPACs. That day is Seth Klam, and he …
15 Things You Envy In Other People
Nothing says I have no confidence in myself more than envying other people and being obvious about it. They seem to have it all while you’re here, stuck yet again. Well, today we’re talking about 15 things you envy in other people, so you can start doing …
Bitcoin Just Got Cancelled
What’s up, Graham? It’s Guys here. So, this is not the video I was planning to make today, but here we are. Tesla and Elon Musk just completely pulled the rug from underneath Bitcoin, and with one single tweet, $365 billion was lost from the entire crypto…