3 ms·
> If he were to talk about decentralization/distribution vs centralization along with who controls the fiat money supply & who benefits & who does not benefit f
by bhouston 5y ago
> If he were to talk about decentralization/distribution vs centralization along with who controls the fiat money supply & who benefits & who does not benefit from the fiat central bank policies, then he would at least begin to broach the subject of why crypto currencies are being adopted.
Is that why crypto is being adopted? Are you serious?
I bet nearly no one who buys crypto even knows what fiat money is nor have they have a clue as to the ideas of the Austrian school of economists. We live in an age of memes and discords.
Crypto and NFTs are primarily being adopted because they are speculative vehicles that generally go up and to the right. It is quite simple.
- chishaku 5y ago> I bet nearly no one who buys crypto even knows what fiat money is You're uninformed. GS, BofA, Barclays, Citi, CS, DB, JPM, MS, UBS, WF and countless funds. The current hype cycle would be nothing without the institutional support. But even before institutional investors started jumping in, traders and other employees of the above institutions have long been a key part of crypto markets.
- bhouston 5y agoThese are investors and traders who want a return on their capital, they are seeking alpha by any means that makes sense: https://en.wikipedia.org/wiki/Alpha_(finance) https://en.wikipedia.org/wiki/Alpha_(finance) Again, they do not care about fiat or the Austrian school of economics. Of course they know what those things are but they do not care about them at all.