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All cryptocurrencies (sans the ones that are privacy-preserving) are more traceable than fiat money. As for "baseless investment", you might want to read up on
by yuvadam 5y ago
All cryptocurrencies (sans the ones that are privacy-preserving) are more traceable than fiat money.
As for "baseless investment", you might want to read up on hard money properties.
- imtringued 5y ago>As for "baseless investment", you might want to read up on hard money properties. How does hard money ensure that a decay in real investments does not erode the real value of the currency in the long run? It doesn't. You're relying on the rest of the world to make those real investments to maintain the real value of your currency. Having a currency be a store of value just shifts the medium of exchange function to a different currency. The idea that you make a profit off of making it harder to do real investments is absurd. It's equivalent to letting a plot of land sit idle for 20 years while the population grows and then expect the future generation to work hard for it even though you did nothing to improve the value of the land, nor did you help people get higher paying jobs so they can afford your expensive land.