Solana Scribes

This is a track in the Solana Scribes Hackathon, for content writers. Check out other tracks that might pique your interest.

Scribes

<h2>Track Overview</h2>Why, despite the rapid inflation of fiat currency, are the majority of users using USD stablecoins in crypto?We wonder - how long will it be before we wake up and realize it's time to move on from the US Dollar? Where we finally unshackle ourselves from inflation? Where the purchasing power of the money you earn today is worth the same (if not more) tomorrow? Where we decide, as a community, to create a better stablecoin - together.Today, over 130+ billion dollars are held in USD stablecoins. And the shift to better stablecoins is not only imminent, but inevitable.International Stable Currency is not your average stablecoin. It’s inflation-resistant. Designed to grow without sacrificing stability, ISC is the best way to protect the value of your profits and treasuries with zero smart-contract risk. The price of ISC is pegged to an inversely-correlated basket of real world assets (RWA). A return to hard money, ISC is a culmination of time-tested concepts and forward-thinking innovations.<h3>Analysis Wanted: Why flatcoins are better than USD stablecoins</h3>Align yourself with genuine thought leaders who also believe that we need better money. Brian Armstrong, Balaji and Ray Dalio are excited about inflation-resistant currencies (flatcoins), the biggest innovation to stablecoins in years.“What is a flatcoin? Well, it’s interesting to compare it to what we have today... one of the challenges with stablecoins is that they're backed by fiat, so that means they have a lot of the same inflation risks. We want our money to preserve its purchasing power.” - Brian Armstrong“Two kinds of stablecoins. Fiatcoins are pegged to an external fiat currency like USD, directly or indirectly. Flatcoins are newer. If fiat itself starts to inflate, it isn’t really stable. So a flatcoin optimizes instead for price flatness [against] an on-chain basket of goods” - Balaji“I don't think that the [existing] stablecoins are good because then you're getting a fiat currency again. I think... what would be best is an inflation-linked coin. Because every individual wants to secure their buying power.” - Ray Dalio<h3>Your Mission:</h3>Write an essay that will be posted on our Medium Account that explains to Solana Maxi's why flatcoins are superior to USD stablecoins. It should be punchy &amp; persuasive. Length doesn't matter - but it should be in the "Goldilocks Zone" - not too long &amp; not too short.<h3>Resources:</h3><a target="_blank" rel="noopener noreferrer nofollow" href="https://wp.isc.money/">https://wp.isc.money</a><a target="_blank" rel="noopener noreferrer nofollow" href="https://isc.money/">https://isc.money</a><a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/ISC_money">https://x.com/ISC_money</a><a target="_blank" rel="noopener noreferrer nofollow" href="https://t.me/ISC_money">https://t.me/ISC_money</a>

Flatcoin Deep Dive

Flatcoin Deep Dive

1,000ISC Total Prizes
600 ISC 1st 300 ISC 2nd 100 ISC 3rd