4 ms·
> Currencies aren't like some weird subset of commodities. I have a chart that is just begging to disagree with you: https://www.google.com/search?q=usd+vs.+e
by lectrick 13y ago
> Currencies aren't like some weird subset of commodities.
I have a chart that is just begging to disagree with you:
https://www.google.com/search?q=usd+vs.+euro https://www.google.com/search?q=usd+vs.+euro
To wit, "Currencies! So stability! Wowe!" A mere 25% fluctuation over the past 5 years! And at the scale of the Euro and the USD, no less!
Also, if currencies were as magically stable as you presume, then "currency trader" wouldn't be a thing. This also wouldn't be a thing:
http://en.wikipedia.org/wiki/Foreign_exchange_controls http://en.wikipedia.org/wiki/Foreign_exchange_controls
Also,
> dogecoin denominated debt
Cryptocurrencies don't allow credit/debt systems. Just like I can't carry a "negative cash value". You either have cryptocurrency or you don't. And before you respond with "well then how would people buy houses and pay for college?", note that college costs have gone up BECAUSE of student loan availability, not IN SPITE OF it. And you know what? It's about time this happened, because fuck debt slavery.
- minimax 13y agoCryptocurrencies don't allow credit/debt systems. Sure they do. If you lend me 5 crypto coins with the understanding that I'll repay you 6 crypto coins next year then we have a system of credit. The invention of credit predates the invention of money by thousands of years. In ancient times people would borrow seed under an agreement to repay at the harvest with associated penalties for default.