Re:MasterCard to open up network to cryptocurrencies
by fennecfoxen on Thursday February 11, 2021 @11:50AM
(#26103836)
Opinion: NYSE:GLD and NYSE:IAU are better at being "digital gold" than a blockchain thing ever will be.
Re:MasterCard to open up network to cryptocurrencies
by BTCOG on Thursday February 11, 2021 @11:44AM
(#26103735)
@ArcticBull - Why would I ever want to make 100% ROI on a rigged stock market when I've made thousands of % in hard money?
Re:MasterCard to open up network to cryptocurrencies
by imtringued on Thursday February 11, 2021 @06:18PM
(#26108840)
The irony behind bubbles is that you cannot profit off of them by acting rationally. If everyone participating in the bubble were acting 100% rationally, the bubble wouldn't exist in the first place.
Re:MasterCard to open up network to cryptocurrencies
by arcticbull on Thursday February 11, 2021 @11:53AM
(#26103875)
see, with those glasses on it's not possible to have a real meaningful conversation. I'm sorry, bitcoin is in no way 'hard money'.
It becomes actually more expensive to buy anything in the present, as a result, consumers stop purchasing, and as a result economic activity decreases.
DigitalGold is also non-sensical, because that is simply designed to track against inflation, to prevent the loss of today's buying power tomorrow because of inflation. But when something appreciates 10,000x it's not really a hedge against inflation anymore, but a different speculative instrument entirely.