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Crypto is not zero sum since new value is created.
> Crypto is not zero sum since new value is created. I'll bite, because I struggle to find people who think this. What value is created?
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That doesn’t mean it will continue to rise in the future. It also isn’t tied to anything outside of these very expensive exchanges. I can’t use bitcoin to buy a candy bar or pay someone to fix my toilet. Nor is there intrinsic worth to it.
Value is subjective, not intrinsic. It is guarenteed to rise like everything else of limited supply; the value of fiat currencies must necessarily decrease over time in their operation, because the base monetary unit can only be issued as credit which must be paid back at interest. Were the value of fiat currencies to increase in any meaningful sense, it will result in widespread defaults in the banking sector.
They aren't making any more VHS copies of Toy Story, which IIRC was estimated to be ~21 Million copies of tape.
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…
> and hedge against inflation is not one of them 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/T…
Seems likely the time horizon you're talking about is too short in this case. The last few years have been a bit weird by the metrics - it looks like something has changed in the financial plumbing. But the USD has a policy of being an unreliable measure of value and Bitcoin does not, so there is a pretty good chance that Bitcoin will hold its value over time. The price hasn't been trending down (yet?).
Although I'd advise people not to choose their investments based on advertising. People don't really advertise good financial deals. They use the ad budget to get in on the deal.
[0] https://research.stlouisfed.org/publications/economic-synops...
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…
> and hedge against inflation is not one of them 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/T…
TIPS and i-bonds are limited in their role as a hedge. Sure, you are exactly compensated for inflation on the capital you invest. However, without the ability to have any leverage, you can't actually use this as a hedge against other capital which has exposure to inflation but which couldn't be converted.
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> Crypto is not zero sum since new value is created. I'll bite, because I struggle to find people who think this. What value is created?
All the people who managed to buy drugs safely without risking being robbed by some shady street dealer?
>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 examples are one-sided claims without evidence, and there are many ways they could be "an inaccurate picture". The first case most likely is an inappropriate jocular interjection during casual mutual banter on clothing, music, or a story. The second case could well be a common misinterpretation of meaning during a discussion about affirmative action or DEI policies.
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…
> and hedge against inflation is not one of them 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/T…
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being biased against racism and authoritarianism is good
What executive orders has Trump signed that are racist or authoritarian? Please list the EO numbers and explain your rational of how you arrived there using the text in the EO, rather than some highfalutin opinion written by an activist. I keep hearing this, but nobody can seemingly answer such a simple question. I can only conclude they are blatant liars and propagandists.
I'm also not going to waste my time indulging in it, but it's worth pointing out for passers-by that that's exactly what this is. It's a low-effort rhetorical gambit designed to waste time demonstrating from first principles something that the questioner isn't going to change their mind about anyway just because somebody more clued-in than said questioner sighed and pulled up EO 13769 to cite chapter-and-verse.
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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.
Sounds similar to registering a domain name.
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"
Crypto is not zero sum since new value is created.