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This whole idea of decentralized finance—This idea that crypto currencies will be so ubiquitous that world powers will just have to roll over to them. That is s

This whole idea of decentralized finance—This idea that crypto currencies will be so ubiquitous that world powers will just have to roll over to them. That is so stupid. That would never happen, and why should you want it to happen? Why would you want to abandon the Keynesian tools of the central bank? Why would you not want an intermediary who could step in during a dispute and give you a refund? I just don’t get it. It’s like the lust for money just completely takes over and changes your view of the future. I guess I can’t criticize. I’ve gotten all gung ho about XR since meta crashed and I scooped a few shares. But at least that company is a productive enterprise, low P/E, real prospects for the future, etc.

xwolfi 4y ago
Ofc the greed blinded them, look even you cant resist pushing a random stock completely out of context. Crypto democratized penny stock gambling.
Ekaros 4y ago
And why wouldn't such systems be build up from ground up if they were adopted. I'm pretty certain that big players that is nation states would not take Bitcoin or Ethereum. But instead launch new one.
georgeplusplus 4y ago
I attribute what is going on right now with inflation and exhorbently high home prices to Keynesian economics, particularly the central banks policy during covid. I don't believe this system works for the people. It serves corporations. I am genuinely curious why you have such faith in this system.
- johnwheeler 4y ago
  Because it saved us from ruin during the financial crisis, and signs are showing cooling inflation with the tools in place now
  - georgeplusplus 4y ago
    Homes are at the most unreasonable price ever. Mass Layoffs are starting to happen for high paying jobs. Gas and oil will go back up now that the petroleum reserves are depleted. Prices on everything have increased dramatically. What exactly has this saved us from? What part of this was worth it to you? One CPI report below expectations, at 7.7% mind you nothing to snivel at, is not a trend that this is letting up.
    - johnwheeler 4y ago
      The economy goes up and down. That’s normal. It’s been that way since the history of commerce.

xwolfi 4y ago

Ofc the greed blinded them, look even you cant resist pushing a random stock completely out of context. Crypto democratized penny stock gambling.

Ekaros 4y ago

And why wouldn't such systems be build up from ground up if they were adopted. I'm pretty certain that big players that is nation states would not take Bitcoin or Ethereum. But instead launch new one.

georgeplusplus 4y ago

I attribute what is going on right now with inflation and exhorbently high home prices to Keynesian economics, particularly the central banks policy during covid. I don't believe this system works for the people. It serves corporations. I am genuinely curious why you have such faith in this system.

johnwheeler 4y ago
Because it saved us from ruin during the financial crisis, and signs are showing cooling inflation with the tools in place now
- georgeplusplus 4y ago
  Homes are at the most unreasonable price ever. Mass Layoffs are starting to happen for high paying jobs. Gas and oil will go back up now that the petroleum reserves are depleted. Prices on everything have increased dramatically. What exactly has this saved us from? What part of this was worth it to you? One CPI report below expectations, at 7.7% mind you nothing to snivel at, is not a trend that this is letting up.
  - johnwheeler 4y ago
    The economy goes up and down. That’s normal. It’s been that way since the history of commerce.