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Without a doubt, average HN reader knows more about cryptocurrency than average cryptocurrency owner, knows more about farming than average farmer, knows more a
by al_chemist 8y ago
Without a doubt, average HN reader knows more about cryptocurrency than average cryptocurrency owner, knows more about farming than average farmer, knows more about biology than average bioscientist. Why? It's obvious, isn't it? \s
Cryptocurrencies aside, currencies are hard to understand. It's not "you trade money for stuff, duh!". It's how USA can print dollars to import stuff from China year by year without giving anything back. It's who prints money. It's how come printing dollars makes existing ones less valuable while also creating debt. How does independent currency affect debt-based currencies?
It's easy to be elitist. We know about computers more than average Joe, so we are experts on computer's money, but IMO cryptocurrencies are more currencies than crypto. And currency part is harder to understand than crypto part.