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exotic801 t1_jaddpi9 wrote

Reply to comment by BossKitten99 in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

First point, as someone going into the labour market, sounds fantastic. Iz crypto really that much of a threat still? I thought it was pretty clear that it was a largely unregulated market and that it would need some major changes to become valid currency(I could be very wrong)

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ACiD_80 t1_jadfndo wrote

Its unstable and thus a gamble.

The negative sentiment towards crypto is growing fast.

Crypto is great if you want to hide shit.

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Micheal_Bryan t1_jaf3ab3 wrote

if you want to hide shit, do not do it on a permanent ledger...that is the opposite of hiding...

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Javier-AML t1_jaejoh8 wrote

So it's useful if you are a warlord, drug dealer or a billionaire.

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Micheal_Bryan t1_jaf369u wrote

don't listen the guy that is predicting russian victory, and that the American military can't fight, he is obviously a russian shill.

I reported him for misinformation, and you should too.

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BossKitten99 t1_jaee3l7 wrote

The instability you mention - is that related to the recent debacle of FTX? These kinds of negative publicity stunts are manufactured as a way to dissuade the laymen. Actual blockchain/crypto currency can’t help but be stable

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exotic801 t1_jaek4kl wrote

Not just ftx, the market in general seems to have a lot of fraud and as of now it seems like it's too easy to magically make money appear(hyperbole).there's also that most stable coins that I know of are backed based on usd or some other currency, which is a problem when talking about cryptocurrency becoming the new global currency.

I also personally dislike the technology and the people leading the charge, I don't think privatized currency would be a good thing for most people, so in my view a govvy run cryptocurrency just seems like worse money.

Feel free to tell me why I'm wrong though, I've done enough research to form opinions but not enough to be sure about them

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Micheal_Bryan t1_jaf3jvx wrote

what hopium are you taking? there have been a series of hacks, and entire companies dissolving, and you claim it is all a show?

Tell that to Sam bankman...freaking idiots here eating that tripe...

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