Coinbase hits number 30 in the top free apps on Apple's mobile store

Re:Coinbase hits number 30 in the top free apps on Apple's m... by rafaelero on Thursday January 07, 2021 @03:47PM (#25677238)

>Let's say the Fed prints 1 quintillion dollars, and then gives it to me. I then put it under my very big mattress. I will never spend a single one of those dollars. Has this quintillion dollar print changed the value of the dollars that are actually changing hands? It has not.

But of course no one is stupid enough to put their dollars on a mattress. They will, like everybody else, try to find a way to run from inflation, be it investing on stocks or any other assets. So your point is of course true but irrelevant.

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Re:Coinbase hits number 30 in the top free apps on Apple's m... by arcticbull on Thursday January 07, 2021 @04:02PM (#25677415)

> So your point is of course true but irrelevant.

Not at all. Its fine if that money makes its way into assets because assets are not a necessity for life. CPI is a proxy for necessity for life. If it makes its way into stocks, that's just an ROI.

Further, if that money starts making its way back out, towards CPI, the fed will stop printing or even take the money back out of the system. That's why we have a Fed.

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