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Not sure why you mentioned the coin you did, there. Are you insinuating Bitcoin’s fixed supply nature and long standing track record of security wouldn’t give y
by atweiden 5y ago
Not sure why you mentioned the coin you did, there. Are you insinuating Bitcoin’s fixed supply nature and long standing track record of security wouldn’t give you all the protection you’d ever need against inflation or asset seizure? Or were you merely making mention of a “coin” in your investment portfolio sans any financial disclosure statement, as is so (insufferably) common?
- tromp 5y agoPractically all cryptocurrencies protect against inflation by being dis-inflationary, as I argue in https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...
- matheusmoreira 5y ago> Are you insinuating Bitcoin’s fixed supply nature and long standing track record of security wouldn’t give you all the protection you’d ever need against inflation or asset seizure? Bitcoin does protect against inflation but it's ineffective against government controls because it's not fungible. The government doesn't need to literally seize the coins, it can just blacklist them. This prevents spending and makes them useless. > Or were you merely making mention of a “coin” in your investment portfolio sans any financial disclosure statement, as is so (insufferably) common? I mentioned Monero because I thought it was the most relevant coin. I was talking about bank account seizures and freezes, something that actually happened to everyone in my country in the 90s. A huge reason why my family enjoys some degree of prosperity today is we saw it coming and withdrew everything in cash. I believe that as a proven privacy coin Monero is the coin most effective at avoiding that sort of government stupidity. I do own XMR.