Viewing a single comment thread. View all comments

BossKitten99 t1_jaee3l7 wrote

Reply to comment by exotic801 in The Fed is yet to catch up to the Taylor Rule estimate by Surlax

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

0

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

1

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...

0