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Maybe just focus on fixing the actual problems? How is this any different from Army recruiting? Or Draftkings ads on every sport channel? Or medical ads? Or insurance ads? Or basically everything marketing?
Of all the antagonisms for young adults, I would say an easy method to buy cryptocurrency and hedge against inflation is not one of them. The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home. Furthermore, the elite's industrial policy of offshoring manufacturing to China, deindustrializin…
BTC lost value through the great inflation and is only gaining value today now that inflation is down to 3%.
Sounds like a pretty bad hedge against inflation. People need to stop repeating this lie.
EDIT: If people need an inflation hedge, buy i-bonds first, and then TIPS after you max out. These are indexed against CPI, so the more inflation happens the more i-bonds/TIPS make.
These ads really are deeply cynical. "The whole system is fucked, but if you're lucky, you can win enough of other people's money on the crypto lottery that you'll be able to escape it"
> But there are questions about Coinbase's commitment to racial justice.
This is really just the latest iteration of paycheck cashing, 1-800 personal loan lenders and the like.
Sure, Coinbase shouldn't target such people. This requires government intervention (for all the libertarians out there).
Ultimately though we're treating symptoms. The problem is capitalism. The unquenchable desire for ever-great profits leads to extracting every ounce of value from people so Jeff Bezos can have $200 billion instead of $100 billion.
It’s like online gambling with less regulations.
There is a crypto coin that I like and I wanted to buy some on an exchange. All these exchanges are 1. Super scamy, often in dubious jurisdictions 2. From the layout obviously targeted at very young people 3. The appearance, interactions and handling resembles more an online casino.
Of all the antagonisms for young adults, I would say an easy method to buy cryptocurrency and hedge against inflation is not one of them. The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home. Furthermore, the elite's industrial policy of offshoring manufacturing to China, deindustrializin…
>But there are questions about Coinbase's commitment to racial justice. Concern troll political hit-piece.
One Black employee, cited in the report, said that “her manager suggested in front of colleagues that she was dealing drugs and carrying a gun.” Another Black employee said that a co-worker “broadly described Black employees as less capable” during a recruiting meeting. The company told employees that the story painted "an inaccurate picture.” Is it really a concern troll political hit-piece, though? These seem like…
> The ad identifies real issues in the modern economy around college debt, housing affordability, and the rising cost of raising a family. Maybe just focus on fixing the actual problems? How is this any different from Army recruiting? Or Draftkings ads on every sport channel? Or medical ads? Or insurance ads? Or basically everything marketing?