News for hackers. Stuff that matters.

A comment on Ask HN: Why do we pay taxes if the Fed can just print money?. Parent comment

Re:Ask HN: Why do we pay taxes if the Fed can just print money? by thefounder on Thursday May 21, 2020 @07:21AM (#23257085)
With bitcoin you get the worst of both worlds: no jewerly to show off and a "scam with overinflated price that are controlled by cartels". Go in, have fun, but don't delude yourself that your are "investing" something more than a ponzi scheme.
[ Parent | on HN ]
Re:Ask HN: Why do we pay taxes if the Fed can just print money? by me_me_me on Thursday May 21, 2020 @02:54PM (#23263215)
First off all, I have not said anything about "investing". Its obvious that bitcoin is controlled be massive whales that swing the price. But how is that different than FED pumping money into stock market? All of the stories about 'boys club' doing blatant insider trading.

The thing is every game is rigged and you must be actually delusional to think otherwise. The "invisible hand" of the free market is real and is there always stacking odds against small and weak.

[ Parent | on HN ]