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If you do crime with it you go to jail. If you make profit in it you pay tax. So isn’t this just regular money with a bunch of extra steps? Sure the governme
by steveBK123 4y ago
If you do crime with it you go to jail.
If you make profit in it you pay tax.
So isn’t this just regular money with a bunch of extra steps?
Sure the government can’t print bitcoin anymore than you or I can but.. the no devaluation angle is kind of meh in the face of its volatility and number of high profile frauds. No one should be sitting with a million dollars in the bank. Dollar denominated assets are a better inflation hedge than BTC.
Some basket of bonds ETFs whatever.
- steveBK123 4y agoAs we saw from the SVB weekend of tweets, none of the VCs who were going to reinvent the banking system with crypto actually understood how the existing one works, so...
- EGreg 4y agoRight and the same VCs were also trying to reinvent every other system including our social interactions. You think they understand those?
- steveBK123 4y agoDo VCs understand social interaction? Again given my limited exposure to their twitter tantrums I’d have to say no, lol.
- wolverine876 4y agoAnd some of them control LLM AI.