Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by gamblor956 on Wednesday May 09, 2018 @01:41PM
(#17031925)
What they are doing is, by definition, not hoarding their cash. TIPS are a form of investment usually classified as very-low risk (but correspondingly relatively low gains).
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Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by 21 on Wednesday May 09, 2018 @02:00PM
(#17032149)
You are splitting hairs here. When people say that Apple is sitting on cash obviously they do not mean that they have 250 billion in one current bank account.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by simias on Wednesday May 09, 2018 @04:33PM
(#17033772)
But that's a very important distinction don't you think? Actually even having money stagnant in a bank account does somewhat contribute to the economy because of fractional reserve banking. On the other hand having bitcoins buried in a bunker contributes absolutely nothing.