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Fiat has central banks to keep them somewhat stable. Stocks have companies who are producing actual value.
by rapsey 5y ago
Fiat has central banks to keep them somewhat stable.
Stocks have companies who are producing actual value.
- selfhoster11 5y ago> Fiat has central banks to keep them somewhat stable. That's part of my point. Fiat had decades to stabilise, digital currencies are basically newborns so it's not fair to expect them to pop out already matured and stable. > Stocks have companies who are producing actual value. Unless they don't (or their value is decoupled from meme/insider manipulation that artificially controls their prices), like GME or Tesla.
- rapsey 5y agoCrypto is designed to not have a central bank. But that has its consequences. Maturity has nothing to do with it.