_qqm5

5 ms·

1.
by _qqm5 4y ago
I wasn't making an appeal to authority, nor was I agreeing with V.B. I was trying to point out that finance may mean different things in different contexts. Not sure why you keep obsessing over this propaganda narrative, as if I'm
2.
by _qqm5 4y ago
Because it's a polarizing topic. I find this particular ad-hominem rather mild, compared to what you find on Reddit.
3.
by _qqm5 4y ago
I'm a pragmatic person, not some crazy fundamentalist. I do use fiat where necessary, yeah. > I do not think everybody will want to deal with it. The thing is, crypto should be much, MUCH easier to deal with, we just don't hav
4.
by _qqm5 4y ago
> You don't properly evaluate the present value of money if you are willing to trade your present money for future money at completely unknown conversion rate and adoption date. Unknown can mean many things. I'm convinced that
5.
by _qqm5 4y ago
First of all, the "collusion" Buterin is referring to is a game -theoretic term and is precisely defined. Based on your response I'm guessing you are not familiar with his blog post. Calling something propaganda without being
6.
by _qqm5 4y ago
By expressing your desire for crypto payments to said vendors. If there's enough demand, the industry can change to accommodate it. This dynamic actually exists even in much more conservative/slower moving fields like hardware man
7.
by _qqm5 4y ago
Your response is the first that's really interesting. I know that the fair value is much, much higher than it is now, because there is virtually no real adoption. > what’s the right coin and right amount to hold? That's an amaz
8.
by _qqm5 4y ago
When people talk about traditional finance, we mostly refer to the existing technologies for issuance of currency, settlement of fiat transactions, and the debt hierarchy. Of course finance is an incredibly nuanced word. To quote V. Buterin
9.
by _qqm5 4y ago
If a large enough user base and set of vendors accept crypto, there's no need for converting to USD. How do you handle refunds? Converting twice? Sure, charge users for it, you'll be driven out of the market by businesses who are
10.
by _qqm5 4y ago
That's one perspective sure. You could also say that I have to pay X% more compared to the inflated paper gains I had before.
11.
by _qqm5 4y ago
Genuine answer: I'm holding my crypto assets until I can exchange them for the goods and services I need. I never exchange any crypto back to fiat. I don't "invest" to make money. It's a currency. I buy it to use it
12.
by _qqm5 4y ago
My bad, I meant centralized exchanges, not finance. Edited my comment. > You only use crypto to pay your rent and buy your groceries and your clothing? Your employer pays you in crypto? Oh how I wish that was true.
13.
by _qqm5 4y ago
The crypto I buy is not leveraged, it's sitting in my wallet - unlike IOUs, stocks and derivatives. In crypto, leverage exists solely because of people who aren't doing self-custody and DeFi. They brought this upon themselves.
14.
by _qqm5 4y ago
There are tons of vendors I actively use that accept crypto. Not as much as I'd like, but hardly no one. But yeah, you're right, a currency nobody uses is obviously worthless. I'm attempting to drive adoption so that they CAN
15.
by _qqm5 4y ago
This indicates that the value was propped up by market manipulation. I have no problem with a crash like this, as I have no exposure to centralized * exchanges. I also don't have illusions about price action. I don't invest into c
16.
by _qqm5 4y ago
There's a beautiful difference. Unlike in 2008, today - I can transact efficiently and safely without a bank account. This is currently not possible in traditional finance - Subsequently, none of my assets are locked. I have never stor