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From the CEO of Square who access to real world data at scale: Hyperinflation is going to change everything. It’s happening. https://twitter.com/jack/status/1
by missinfo 5y ago
From the CEO of Square who access to real world data at scale:
Hyperinflation is going to change everything. It’s happening.
https://twitter.com/jack/status/1451733913961783299 https://twitter.com/jack/status/1451733913961783299
- boc 5y agoJack is a crypto maximalist who is trying to sound the alarm over a very, very unlikely outcome. He's biased.
- mullingitover 5y agoCEO of Square, but also kind of a crank who's long on crypto, so he has a vested interest in convincing people to YOLO their savings into crypto so he can cash in. I take his statements with several blocks of salt.
- Sammi 5y agoJust wow. So he's just a crank because he likes Bitcoin now? How easily you just brushed off the successful startup ceo of not one, but two huge tech startups (Twitter, Square). What do you think it takes to be able to do what he did? Oh no, he's just a crank because he likes Bitcoin now, let's just brush off everything he says from now on. It's not like he's someone who's actually proven himself capable and as someone worth listening to.
- throwawaygh 5y ago> So he's just a crank because he likes Bitcoin now? Read it as "he's a crank and also likes bitcoin". Anyways. There's undeniably a massive PR campaign right now to get retail investors into crypto. Fucking football players and media personalities are taking paychecks in bitcoin and posting PR-drafted tweets about it. Even if I were still long crypto, I'd be sitting the next few months out. Way too reminiscent of dotcom -- folks who know nothing about finance, investing, or crypto are "investing" in highly volatile speculative vehicles. This only ends one way.