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Nice list, but it seems kind of like a straw man specifically constructed to claim that cryptocurrencies fail to meet it. Anyways, I don’t understand your extr
by jkhdigital 5y ago
Nice list, but it seems kind of like a straw man specifically constructed to claim that cryptocurrencies fail to meet it.
Anyways, I don’t understand your extreme hard-line stance on holding money. You do realize that liquidity is important, right? Holding uninvested cash sends two important signals: that I want a buffer against adverse events without having to liquidate assets, and/or that none of the currently available investment opportunities meets my desired risk/reward criteria. These are extremely important market signals that get squashed when you abuse your money supply to bully everyone into being 110% invested at all times, good or bad.
- arcticbull 5y agoI agree some amount of cash is worth holding, and the 2% annualized inflation you pay is simply a fee for liquidity. It harms the economy but benefits you, so a fee doesn't seem unreasonable. I didn't construct the list specifically to attack cryptocurrencies, the whole crypto situation has led me to do a lot of research on just what a reasonable monetary policy is.