Re:The political case for a blanket cryptocurrency ban
by gher-shyu3i on Wednesday March 31, 2021 @02:29PM
(#26651076)
> A) REITs exist https://en.wikipedia.org/wiki/Real_estate_investment_trust
Are there REITs that don't deal with interest?
Re:The political case for a blanket cryptocurrency ban
by tome on Wednesday March 31, 2021 @03:01PM
(#26651517)
I don't know what you mean.
Re:The political case for a blanket cryptocurrency ban
by gher-shyu3i on Wednesday March 31, 2021 @07:29PM
(#26654570)
REITs that buy properties with cash, without taking a mortgage.
Re:The political case for a blanket cryptocurrency ban
by keeganpoppen on Wednesday March 31, 2021 @07:47PM
(#26654748)
i doubt it-- from what i've seen they're often levered up fairly aggressively (though i'm sure this is usually paired with having more senior claims on the mortgages in their portfolio)
B) Yes, stocks are not directly affected by the currency in which they are nominally denominated! Yes, inflation-adjusted bonds are not affected by inflation in the currency in which they are denominated, assuming you believe RPI to be a good measure of inflation.
C) You can buy gold without having to store it yourself! For example SGLN or https://www.bullionvault.com/ (no connection other than being a happy customer)
> Bitcoin, in my opinion, is a hedge on the hegemony of the US dollar which I see weakening going forward
If you really wanted a hedge on the US dollar you could buy oil, gold, JPY, EUR, CHF, GBP. Buying the hugely volatile asset called bitcoin doesn't seem like a good way to hedge USD.
> Gold and paper only has value because we imagine that they have value
No, gold has value because of demand in industrial process and jewellry. "Paper" has value because governments can demand you to pay it to them in return for participating in economic activity within their borders.
If these arguments are really what bitcoin supporters believe about the value of bitcoin then the whole bitcoin enterprise is in for a big shock.