[astrange]

> Everyone should do their own research of course, but crypto can be compelling in that at the very least it can allow your savings to preserve their purchasing power net of inflation, something that isn’t possible with a traditional bank savings account.

This is not possible unless there's production available denominated in the stablecoin, you have to buy whatever currency they'll accept first.

Even then it's not possible to "preserve purchasing power" by keeping a currency, because that's not what currencies do - they're a medium of exchange not a store of value. Imagine if everyone held a stable currency, but one day got tired of going to McDonald's and stopped trading with them. Eventually they go out of business; now you can't buy it anymore. You have failed to store value measured in McDonald's purchases. If you want to invest to rebuild it, then it's more expensive and that's supply shock inflation. This is more or less why central banks target 2% and not 0% inflation, to encourage occasional maintenance spending.

There isn't really much that can actually store value. Gold and bitcoin obviously rely on bagholders. But in general "storing value" means compelling other people to do work for you, and they're not always going to be there to do that.