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Yet BTC is trailing inflation by over 30% the last month alone?
by valuearb 5y ago
Yet BTC is trailing inflation by over 30% the last month alone?
- danuker 5y agoAdmittedly, there is high volatility due to demand. But as more get-rich-quick people get bored of it, that should stabilize.
- aww_dang 5y agoSpeculative mania is also driven by cheap credit, low interest rates and easy money in the form of direct stimulus.
- crispyambulance 5y ago> But as more get-rich-quick people get bored of it, that should stabilize. Why do you think that will happen? The "get-rich-quick, evade-taxes, and evade-scrutiny" thing is front and center of the whole intent of cryptocurrency. How long has it been going now, 10 years? How much longer? It would be nice to have a crypto-currency where real people can use it like real currency. However, to be able to do that would mean eliminating the danger that a mere typo or some unintended consequence of "code-as-law" would wipe someone out and give another an insane windfall-- all in a millisecond. I think the cryptocurrency can work, but it has to have sane and civilized features. These have to be designed-in from the beginning. Otherwise, it's just an endless libertarian circle jerk.
- rawtxapp 5y agoIf we are going to cherry pick timelines, might as well compare the price right before money printers went crazy vs now.
- valuearb 5y agoSpeculations are always about cherry picked timelines. Which is why crypto isn’t an investment nor a hedge.