[alexb_]

How exactly is using stablecoin to hold money different than holding your wealth in USD? Is it an access thing?

In any case, many "stablecoins" are ponzi schemes waiting to burst. I would much rather use a government backed currency to hold wealth against inflation than something like Tether.

[maxilevi]

The difference is you can't buy USD digitally.

You say that but imo having a currency that loses 50% it's value every year is worse than holding Tether. I don't trust Tether either and thats why I am holding DAI.

[alexb_]

>having a currency that loses 50% of it's value every year is worse than holding Tether

What are you talking about? Tether (and many "stablecoins" like it, including DAI) are entirely based around the idea that they are pegged to the US dollar. If USD has inflation or deflation, so does the coin. The "50%" figure is just completely made up, and you know it - inflation right now is pretty bad, but saying USD lost 50% of its value is just completely and utterly wrong.

>you can't buy USD digitally

...again, this is just blatantly untrue on every level. You can use almost any bank and they will convert it for you. Of course, they will take a fee, but that's much preferable than having to involve yourself with cryptocurrencies backed by cryptocurrencies backed by thin air. Tether is especially egregious with this, and I assume that's why you don't trust it - but from what I'm looking at, DAI is backed by USDC and ETH. MAYBE USDC is being honest with how much money they have, maybe they aren't, and ETH has some very obvious awful problems (e.g. the insane instability).

Overall, you haven't given me literally any reason to believe that holding the flavor-of-the-month stablecoin is in any way, shape, or form better than using actual US dollars.

[maxilevi]

Please read the comment chain, I don't live in the US nor have the USD dollar as the currency of my country.

> The "50%" figure is just completely made up, and you know it - inflation right now is pretty bad, but saying USD lost 50% of its value is just completely and utterly wrong.

I am talking about the Argentine Peso not the US dollar. And this just makes my point stronger. If you think 6% (USD inflation right now) is pretty bad just imagine holding a currency with >50% inflation every year.

> ...again, this is just blatantly untrue on every level. You can use almost any bank and they will convert it for you.

What are you talking about? Not every place has a free market like in the US.

In Argentina the banks only sell you at most 200USD dollars per month and only if you meet very specific requirements. And that's what capital controls mean. The banks are not allowed to sell foreign currencies.