Liraal
Liraal t1_ixpyxlg wrote
Reply to comment by freeman_joe in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2
I read your comment history for context to this random link and can't say I'm surprised. Posts to CC and collapse, shills random crypto and dismisses criticism as FUD. I did not even need to open the article to predict which way (ancapistan) and how much (very) biased it was going to be.
Liraal t1_ixpydd8 wrote
Reply to comment by TheNewGirl_ in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2
It's actually funnier than that - most if not all cryptocoins don't have escrow or exchange mechanisms built in, only give/send, at most swap for other crypto. If someone goes on a forum and asks for "paypal for XXX $ElonCumRocket," there is absolutely 0 guarantee of not getting stiffed, without a trusted 3rd party that they explicitly reject. Absolutely hilarious when you consider this.
Liraal t1_jeh1ffq wrote
Reply to comment by lobbarr in Eurozone inflation falls sharply as energy prices drop by misana123
Generally our economy is tuned to expect money remaining in circulation (i.e. being re-invested). Under deflation, said money stays under your bed instead since it appreciates faster than it would if you were to invest, new companies are not created, old ones cannot get loans or funding and everything generally grinds to a halt. An economy structured around stable performance probably wouldn't struggle that much with this, but that is not the economy we have.