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That’s exactly the problem for me: I’m the kind of person who sees money as “a token to be traded for goods and / or services”, and why would any normal person
by Shish2k 5y ago
That’s exactly the problem for me: I’m the kind of person who sees money as “a token to be traded for goods and / or services”, and why would any normal person (ie, not counting crypto investment nerds) want to trade their eth if the most profitable thing to do is to hoard it?
- ptudan 5y agoWhy do you buy things when you could only ever save?
- anotha1 5y agoDon't ask a question that starts with "Why" (unless you're seeking a defensive response aka negotiating). And the answer to your question is learn about the stopping problem https://en.wikipedia.org/wiki/Optimal_stopping https://en.wikipedia.org/wiki/Optimal_stopping
- Shish2k 5y agoWith stable currencies, if I buy $10 of stuff today, then I have $10 of stuff, and at the end of the week my bank account will be $10 (+/-0.01%) lower than where it would have been had I saved the money. I don’t regret this purchase. With inflation-stage cryptocurrencies (Which I’m assuming ETH is, given that the article says "At the time of writing, ETH is at an all-time-high”), if I buy $10 of stuff today, then I have $10 of stuff, and at the end of the week my bank account has missed out on $300 of inflation. I should’ve saved my memecoins and used some other currency instead.