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Posts
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97
Joined
12 mo. ago

  • Value is vague on purpose, since it means that something retains its "essence" tomorrow as good or better than today. Otherwise humans would not even be able to feed themselves since the only reason I can have food in the winter is because I have something to exchange for food from places that have figured out to grow or store food. It also would be a terrible place if we worked very hard today and our returns depreciated rapidly, because there will be times when we can't work

    Sure, stocks and bonds have historically held some value, but is near impossible to out perform base inflation and has gotten worse the last 20+ years. Physical land and tangible long term goods have held up, but difficult to use for trade, hence currency

    So you're just very pro fiat?

  • What does the term "wildly fluctuate" mean? In 50 years of USD fiat, gold vs USD has gone from 35$ to ~2000$ per ounce. That seems pretty rapid to me, since I can still talk to living people who experienced it

    At least BTC has historically gone up, whereas fiat goes down, although only a few years of data for crypto compared to thousands of fiat, so maybe crypto will do the same as well

  • If that's the case, that is quite the bummer, since although there are 8+ billion of us, most of us don't want to die fighting capitalism since we at least get fed (or a majority does) and those who love capitalism tend to have large weapons that cause destruction beyond my comprehension

    I had a shower thought recently about how life itself is such an amazing and odd experience, and that's why we put up with such terrible things, since the alternative is not great

  • Yeah there are lots of bad actors in the crypto sector, similar patterns existed in the US when towns and companies were issuing their own currencies

    And yeah the US and many developing nations have old infrastructure, the EU and China have the pinnacles of fiat payment systems, but the roll out for upgrades are low and expensive

    I couldn't agree more, it's a human issue. I think a finite transparent currency would be useful since it would squash the worst actors (fraud, embezzlement and hidden budgets, in the private and public sectors), but that's just my guess

    I think more importantly is community and having conversations like these because nothing is a "silver bullet" and we should better as a species. Thanks for chatting, you seem cool