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A nice gateway article to remind you all of crypto. I know HN despises all things crypto, but it is an exit ramp from all the BS of central banks. The fed seems

A nice gateway article to remind you all of crypto. I know HN despises all things crypto, but it is an exit ramp from all the BS of central banks. The fed seems fine on allowing quantitative easing for the next few years. In my opinion the net result of quantitative easing is to lower the real wages of labor, which means more net work will need to be done. This will make the wealthy (capital owners) more wealthy and make the workers (labor owners) poorer. I've taken the crypto off ramp from the central bank's power. You can too.

Workaccount2 5y ago
"Hold these incredibly uncertain investments instead of holding a mildly uncertain investment!"
- echopurity 5y ago
  "Hold this paper from the your local politicians rather than using an open ledger based on international cooperation and modern technology."
  - paulpauper 5y ago
    hmm paper doesn't fall 40% in a week, unlike bitcoin
    - AnimalMuppet 5y ago
      Paper has fallen 40% in a week, more than once... but not as frequently as bitcoin has.
    - echopurity 5y ago
      Have you ever seen a historical chart of bitcoin versus paper? I dunno which week you're talking about, but Bitcoin is generally not the one falling.
paulpauper 5y ago
A nice gateway article to remind you all of crypto. lol Why would anyone need to be be reminded. it is in the news constantly. People talk about it constantly. but it is an exit ramp from all the BS of central banks. Compare the performance of Bitcoin vs. S&P 500 over the past few years. Stocks have much smoother returns and are a much more effective hedge against inflation. Crypto too volatile, poor returns. BTC fell in half in 2021. stocks make new highs everyday.
imtringued 5y ago
How does crypto help against property owners charging extortionate sums for housing? If I have more crypto the property owner will just charge me in crypto and all the gains I have made advantaged me vs non crypto people but if everyone followed this strategy you would not be better or worse off when it comes to buying a house. Everyone would be spending their crypto gains on housing and make it even more expensive. 99% of people who hate the central bank hate it because it gives property owners more pricing power i.e. "the central bank made housing more expensive". Just think about the news articles "crypto made housing more expensive" if everyone did it.

Workaccount2 5y ago

"Hold these incredibly uncertain investments instead of holding a mildly uncertain investment!"

echopurity 5y ago
"Hold this paper from the your local politicians rather than using an open ledger based on international cooperation and modern technology."
- paulpauper 5y ago
  hmm paper doesn't fall 40% in a week, unlike bitcoin
  - AnimalMuppet 5y ago
    Paper has fallen 40% in a week, more than once... but not as frequently as bitcoin has.
  - echopurity 5y ago
    Have you ever seen a historical chart of bitcoin versus paper? I dunno which week you're talking about, but Bitcoin is generally not the one falling.

paulpauper 5y ago

A nice gateway article to remind you all of crypto. lol Why would anyone need to be be reminded. it is in the news constantly. People talk about it constantly. but it is an exit ramp from all the BS of central banks. Compare the performance of Bitcoin vs. S&P 500 over the past few years. Stocks have much smoother returns and are a much more effective hedge against inflation. Crypto too volatile, poor returns. BTC fell in half in 2021. stocks make new highs everyday.

imtringued 5y ago

How does crypto help against property owners charging extortionate sums for housing? If I have more crypto the property owner will just charge me in crypto and all the gains I have made advantaged me vs non crypto people but if everyone followed this strategy you would not be better or worse off when it comes to buying a house. Everyone would be spending their crypto gains on housing and make it even more expensive. 99% of people who hate the central bank hate it because it gives property owners more pricing power i.e. "the central bank made housing more expensive". Just think about the news articles "crypto made housing more expensive" if everyone did it.