Taleb: Bitcoin, Currencies, and Bubbles

Re:Taleb: Bitcoin, Currencies, and Bubbles by mypastself on Monday June 21, 2021 @11:09AM (#27579925)

In Ethereum, the currency’s role is of secondary importance. Instead, it’s intended to primarily be in the service of the “world computer”. You’d acquire Ether for its value as an asset rather than a currency.*

But even so, would you say it’s stupid to advise a Turk to buy dollars? These past few years, many of them have been exchanging lira for dollars as protection against inflation.

*In practice, the network is struggling to find a true application, and Ether’s utility as a currency is low.

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Re:Taleb: Bitcoin, Currencies, and Bubbles by prepend on Monday June 21, 2021 @10:00PM (#27587152)

I meant generally advise, like to tell a whole forum of strangers to do it.

And even advising a Turk to buy dollars would depend heavily on the Turk’s particular situation and would likely mean not buying dollars as an investment but as a hedge against other things.

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