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What's wrong the coins I got issued from the federal reserve? I can already exchange them for things offered by Amazon and a whole bunch of other places. Why wo

What's wrong the coins I got issued from the federal reserve? I can already exchange them for things offered by Amazon and a whole bunch of other places. Why would I want to exchange them for a glorified Amazon gift card?

pricees 5y ago
I would like to have thought BezosBucks, like the Forever Stamp, would have been inflation proof.
CoolGuySteve 5y ago
It's so strange reading these kinds of comments from people who've never transacted in Canadian Tire Money. Fungible scrip coupons have already been successful. https://en.wikipedia.org/wiki/Canadian_Tire_money https://en.wikipedia.org/wiki/Canadian_Tire_money
- robjan 5y ago
  Gift cards and gift certificates are examples of scrip coupons
phasnox 5y ago
Centralized. Manipulated. Unpredictable issuance. Subject to censorship. Among a few.
- scoopertrooper 5y ago
  > Centralized. Manipulated. There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it. https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dump-group https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum... https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam_alert_please_report_this_massive_pump_and/ https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam... https://www.researchgate.net/figure/Example-of-a-pump-and-dump-chat-group-with-over-40-000-members-Left-Telegram-group_fig5_329193706 https://www.researchgate.net/figure/Example-of-a-pump-and-du... > Unpredictable issuance. Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade. > Subject to censorship. Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.
  - phasnox 5y ago
    > but USD has proven to be a far less volatile store of value than Bitcoin If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value? > such a thing would be possible in the crypto space as well. Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
  - herbst 5y ago
    If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year. USD is a horrible value storage in the last year's if you deal outside of USD
craftinator 5y ago
> What's wrong the coins I got issued from the federal reserve? They are owned by someone who doesn't understand how one thing can be "good" without another thing in the same category being "bad".

pricees 5y ago

I would like to have thought BezosBucks, like the Forever Stamp, would have been inflation proof.

CoolGuySteve 5y ago

It's so strange reading these kinds of comments from people who've never transacted in Canadian Tire Money. Fungible scrip coupons have already been successful. https://en.wikipedia.org/wiki/Canadian_Tire_money https://en.wikipedia.org/wiki/Canadian_Tire_money

robjan 5y ago
Gift cards and gift certificates are examples of scrip coupons

phasnox 5y ago

Centralized. Manipulated. Unpredictable issuance. Subject to censorship. Among a few.

scoopertrooper 5y ago
> Centralized. Manipulated. There is widespread manipulation in the crypo market. The difference with crypto is that there are no regulations that even attempt to hinder it. https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dump-group https://www.quora.com/Where-can-I-join-a-crypto-pump-and-dum... https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam_alert_please_report_this_massive_pump_and/ https://www.reddit.com/r/CryptoCurrency/comments/lbzdn7/scam... https://www.researchgate.net/figure/Example-of-a-pump-and-dump-chat-group-with-over-40-000-members-Left-Telegram-group_fig5_329193706 https://www.researchgate.net/figure/Example-of-a-pump-and-du... > Unpredictable issuance. Perhaps in theory, but USD has proven to be a far less volatile store of value than Bitcoin and Etherium, which have both been through the equivalent of hyperinflation and hyperdeflation over the past decade. > Subject to censorship. Currency is not subject to censorship, such a thing would be impossible. Certain payment providers have refused to process payments to various individuals, but such a thing would be possible in the crypto space as well.
- phasnox 5y ago
  > but USD has proven to be a far less volatile store of value than Bitcoin If by less volatile you mean gradually losing value, I mean yeah.. But is that a better store of value? > such a thing would be possible in the crypto space as well. Nope, that is literally impossible with Bitcoin. Hitler could open up a shop, and no one could stop him from receiving payments.
- herbst 5y ago
  If you look at a graph from 1 2 or 3 years for USD and Some popular cryptos it gets really obvious which one loses relative value and which one doubles or tripples value every other year. USD is a horrible value storage in the last year's if you deal outside of USD

craftinator 5y ago

> What's wrong the coins I got issued from the federal reserve? They are owned by someone who doesn't understand how one thing can be "good" without another thing in the same category being "bad".