Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
Maybe they won't save in those currencies.
That's what I mean.
That's what I mean.
Okay.
So that's the Gresham's law thing, which is bad money tends to drive out good money out of circulation, which means the good money they store and they keep.
The bad money, they're happy to spend that.
They'll spend that all day.
I'll save in stable coins, but then I'll go to the grocery store and spend those stable coins, convert it to my local currency and spend that.
That's not necessarily what governments want.
That's not what banks want.
They need the wealth to stay in their local currency in order to inflate it away, in order to tax it, essentially.
And that runs contrary to what an individual wants.
You see what I mean?
There's this trade-off in places.
And I think that to me is just really what crypto is all about.
It really is.
And it's an untold story.
It's an undertold story of what crypto is about.
It's a freedom technology.
I think sometimes in the West, like people don't see it.