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They should ask why it's happening so regularly that startups are springing up to insure against it.
by Hatchback7599 2y ago
They should ask why it's happening so regularly that startups are springing up to insure against it.
- aradox66 2y agoSeems kind of silly, would you have this kind of moralizing argument against people in the US buying treasury bonds right now?
- Hatchback7599 2y agoInvesting in treasury bonds is a bet on your country's long term economic health. This is a startup, explicitly preying on people's fears in poor countries to transfer their wealth into cryptocurrency. Apples and oranges.
- setgree 2y agoThe causes of, and solutions to, hyperinflation are well understood [0]. Solving the problem might require a political revolution. When you have a playbook for doing that in a peaceful way, please let us know! [0] https://mru.org/courses/principles-economics-macroeconomics/zimbabwe-currency-inflation https://mru.org/courses/principles-economics-macroeconomics/...
- mptest 2y agoIs that the bar necessary to believe systemic change is possible? I'd argue it should be "any slightly more peaceful way than the existing order". Perfect the enemy of good and all that. Or am I missing something?
- setgree 2y agosure! and in many situations, a new technology or company or whatever is a kind of systemic change. For instance, right now I'm accessing this website via VPN in a place where hacker news is blocked. That's both a technological solution and a political change. The OP comment is about how it's dystopian to seek technological/financial solutions to political problems. I think that attitude is misguided.
- vitajex 2y agoJust "ask" and take no action to protect themselves?
- deleted 2y ago[deleted]