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To all people who think this is about 'risk management some questions to ponder: - how is buying a currency like the Bolivar allowed (50,000% plus inflation)
by bitcoinisqueen 8y ago
To all people who think this is about 'risk management some questions to ponder:
- how is buying a currency like the Bolivar allowed (50,000% plus inflation)
- coinbase limits purchases to about $100/USD per week...how much risk is really being exposed?
- why is buying depreciating liabilities such as computers, software, harmful drugs (smokes, alcohol, coffee) and overpriced meals and fashion accessories acceptable? (Doesn't alcohol hinder purchasers health and make it harder to pay back due to death and other problems?)
-Where was their "risk management" when they socialized their bets in the 2008 crash?
- why do they keep extending lines of credit to the USA gov for the purchase and sales of billions of dollars of yearly foreign arms sales?
Now, considering that bitcoin is MEANT to replace banks as its modulus operandi and enable p2p transactions (ie: cutting out middlemen - banks!).... it becomes apparent what they are really doing: trying to stop the leviathon and holding onto their business model.
Observe their actions, not their words and then their intentions will become clear.
- deleted 8y ago[deleted]