Hello,
What if our currency was BTC and USD was a new Crypto would you buy it and hold?
In this imaginary world you would see a new crypto born USD. The currency is inflationary, there would not be a max. supply, so new coins could be printed every day.
The developers idea is to add new coins on a base of more than 20% or more a year. The circulating supply is already on the trillions mark.
The use case is to make payments but your transactions incoming or outcoming takes days to be transacted.
The developers are always taking percentages to themselfs and call this wallets banks. Every month your balance is less than the month before. You can't have it anywhere else other than banks.
They give you the oportunity to stake your USD at a rate of 0.1% and because of the inflationary coin this percentage goes down every year.
You want to make a big payment, you have to justify where you will spend it. If they allow it they will only give you the money after 5 days.
You don't own the keys to your bank and developers can do whatever they want with your coins.
Well this is only a resume of what USD is, there are many points to add to this. This idea of making this post came from an idea a reddit user had and I thought to myself, no I wouldn't buy this shitcoin.
Put things into perspective, you will see it.
Best Regards,
Cryptopeach
