21–30 of 65 posts
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I can send you an XRB in < 1 sec
Oh, just let someone make a joke without doing an "um actually." Jeez.
Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…
Maybe it's time we stop calling these cryptocurrencies and call them what they really are, cryptostocks.
Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…
I would argue that the more people hold, the better. It is taking power from centralized government fiat and injecting it into crypto, even if for brief periods of time.
Sounds counter-intuitive but a society throwing their life savings into crypto is actually a good thing. Letting the early adopters get rich is probably a net benefit if it attracts widespread attention and adoption, which is what crypto needs to become a day to day currency.
Earlier quoted context omitted.
Maybe it's time we stop calling these cryptocurrencies and call them what they really are, cryptostocks.
they're not stocks because stocks gives you equity in a company. there's no bitcoin, inc or ethereum, inc.
Hodling is the worst thing about cryptoccurencies most people don't realise. Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. It promotes holding and not selling. This is the opposite of what a currency is. The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger fr…
> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time. Modern ma…
Mild inflation does not discourage saving, it discourages saving the actual currency, which does nothing for the economy. It encourages saving in the form of investment, which stimulates the economy.
If my dollars were guaranteed to get more and more valuable over time, why would I spend them (more than absolutely necessary) or invest them in economic ventures? This is why deflationary currency is bad.
Takes about 6 secs or more to fully load the feed on my work desktop. Looks like this API request is to blame: https://api.hodlfeed.com/coin-types ?
Earlier quoted context omitted.
> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time. Modern ma…
Yes, that’s exactly what it is, but with one crucial additional factor: investment. Mild inflation does not discourage saving, it discourages saving the actual currency , which does nothing for the economy. It encourages saving in the form of investment, which stimulates the economy. If my dollars were guaranteed to get more and more valuable over time, why would I spend them (more than absolutely necessary) or inves…