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Do you buy anything in actual blockchain currency? Say, tomatoes? What happens in the next crypto crash, with exchange risk being huge, and then you can't buy

Do you buy anything in actual blockchain currency? Say, tomatoes? What happens in the next crypto crash, with exchange risk being huge, and then you can't buy tomatoes because they're denominated in a stable currency not linked to your crypto?

anonymoushn 5y ago
I buy tomatoes with Japanese yen. Obtaining that Japanese yen is a cumbersome and expensive process which I mentioned elsewhere in this comments section[0]. I am the CEO of an automated trading firm, which involves paying for various professional services, usually by wire transfer, which is also cumbersome and expensive. When possible, I pay for things and accept payments in actual blockchain currency, because it is dramatically cheaper and more convenient, but this is admittedly not the norm. In the event of a decline in the market price of cryptocurrencies, I sort of expect USDC to still be worth about 1 dollar. [0]: https://news.ycombinator.com/item?id=29340656 https://news.ycombinator.com/item?id=29340656
- NicoJuicy 5y ago
  You were a backend engineer yesterday: https://news.ycombinator.com/item?id=29328363 https://news.ycombinator.com/item?id=29328363 > As a backend engineer, I would say yes, backend is easier. But also you'll be concerned with completely different things. You're promoted extremely fast. Lol
  - anonymoushn 5y ago
    I don't think it's unreasonable to describe myself as a backend engineer if I have 10 years of experience in that role and write backend code at my current job. Do you?
    - NicoJuicy 5y ago
      How many years experience then as: > I am the CEO of an automated trading firm
      - anonymoushn 5y ago
        Just this year. Do you need to see everyone's CV to read their comments online?
        NicoJuicy 5y ago
        I doubt that i would have noticed it, if you didn't reference your comment history in the same post... Edit: After checking, I wouldn't put CEO of 'Lol Term Capital Management' on your resumee ( https://www.ltc https://www.ltc ). Seriously, what is this bs.
        anonymoushn 5y ago
        Lol Term Capital Management is a mutual fund registered in the Cayman Islands. Apparently you can email them if you'd like to hear more, probably because it is illegal for this type of fund to advertise to potential clients.

anonymoushn 5y ago

I buy tomatoes with Japanese yen. Obtaining that Japanese yen is a cumbersome and expensive process which I mentioned elsewhere in this comments section[0]. I am the CEO of an automated trading firm, which involves paying for various professional services, usually by wire transfer, which is also cumbersome and expensive. When possible, I pay for things and accept payments in actual blockchain currency, because it is dramatically cheaper and more convenient, but this is admittedly not the norm. In the event of a decline in the market price of cryptocurrencies, I sort of expect USDC to still be worth about 1 dollar. [0]: https://news.ycombinator.com/item?id=29340656 https://news.ycombinator.com/item?id=29340656

NicoJuicy 5y ago
You were a backend engineer yesterday: https://news.ycombinator.com/item?id=29328363 https://news.ycombinator.com/item?id=29328363 > As a backend engineer, I would say yes, backend is easier. But also you'll be concerned with completely different things. You're promoted extremely fast. Lol
- anonymoushn 5y ago
  I don't think it's unreasonable to describe myself as a backend engineer if I have 10 years of experience in that role and write backend code at my current job. Do you?
  - NicoJuicy 5y ago
    How many years experience then as: > I am the CEO of an automated trading firm
    - anonymoushn 5y ago
      Just this year. Do you need to see everyone's CV to read their comments online?
      - NicoJuicy 5y ago
        I doubt that i would have noticed it, if you didn't reference your comment history in the same post... Edit: After checking, I wouldn't put CEO of 'Lol Term Capital Management' on your resumee ( https://www.ltc https://www.ltc ). Seriously, what is this bs.
        anonymoushn 5y ago
        Lol Term Capital Management is a mutual fund registered in the Cayman Islands. Apparently you can email them if you'd like to hear more, probably because it is illegal for this type of fund to advertise to potential clients.