News for hackers. Stuff that matters.

A comment on The political case for a blanket cryptocurrency ban. Parent comment

Re:The political case for a blanket cryptocurrency ban by seibelj on Wednesday March 31, 2021 @03:57PM (#26652296)
That's your opinion - I don't see any source. My opinion is that it doesn't cause less jobs - I think it would eventually cause more sustainable jobs as malinvestment is removed from the economy.
[ Parent | on HN ]
Re:The political case for a blanket cryptocurrency ban by imtringued on Wednesday March 31, 2021 @07:33PM (#26654614)
Just look at any random crypto forum. You can see an endless number of threads about people who made millions and stopped working and they are proud about that. Just think about Bitcoin. If you bought Bitcoin in 2013 and held onto them you would be rich today. If you spent them on pizza you would hate yourself.
[ Parent | on HN ]
Re:The political case for a blanket cryptocurrency ban by baq on Wednesday March 31, 2021 @04:45PM (#26652940)
Deflationary crises were common before the invention of the central bank and fiat currencies. Instead of believing go read some history.
[ Parent | on HN ]
Re:The political case for a blanket cryptocurrency ban by seibelj on Wednesday March 31, 2021 @06:47PM (#26654128)
The historical incidents of deflation are insignificant and very few. The incidents of hyperinflation are common, and incidents of high inflation are guaranteed with fiat currencies with very few exceptions.
[ Parent | on HN ]