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Re:Cryptos can't fix societal, political or economic problems by AstralStorm on Thursday November 25, 2021 @08:08AM (#29341042)
Do you buy anything in actual blockchain currency? Say, tomatoes?

What happens in the next crypto crash, with exchange risk being huge, and then you can't buy tomatoes because they're denominated in a stable currency not linked to your crypto?

Re:Cryptos can't fix societal, political or economic problems by anonymoushn on Thursday November 25, 2021 @08:17AM (#29341089)
I buy tomatoes with Japanese yen. Obtaining that Japanese yen is a cumbersome and expensive process which I mentioned elsewhere in this comments section[0]. I am the CEO of an automated trading firm, which involves paying for various professional services, usually by wire transfer, which is also cumbersome and expensive. When possible, I pay for things and accept payments in actual blockchain currency, because it is dramatically cheaper and more convenient, but this is admittedly not the norm.

In the event of a decline in the market price of cryptocurrencies, I sort of expect USDC to still be worth about 1 dollar.

[0]: https://news.ycombinator.com/item?id=29340656

Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Thursday November 25, 2021 @12:19PM (#29343105)
You were a backend engineer yesterday: https://news.ycombinator.com/item?id=29328363

> As a backend engineer, I would say yes, backend is easier. But also you'll be concerned with completely different things.

You're promoted extremely fast. Lol

Re:Cryptos can't fix societal, political or economic problems by anonymoushn on Thursday November 25, 2021 @12:35PM (#29343234)
I don't think it's unreasonable to describe myself as a backend engineer if I have 10 years of experience in that role and write backend code at my current job. Do you?
Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Thursday November 25, 2021 @01:13PM (#29343556)
How many years experience then as:

> I am the CEO of an automated trading firm

Re:Cryptos can't fix societal, political or economic problems by anonymoushn on Thursday November 25, 2021 @01:20PM (#29343631)
Just this year. Do you need to see everyone's CV to read their comments online?
Re:Cryptos can't fix societal, political or economic problems by NicoJuicy on Thursday November 25, 2021 @02:18PM (#29344114)
I doubt that i would have noticed it, if you didn't reference your comment history in the same post...

Edit: After checking, I wouldn't put CEO of 'Lol Term Capital Management' on your resumee ( https://www.ltc ).

Seriously, what is this bs.

Re:Cryptos can't fix societal, political or economic problems by anonymoushn on Thursday November 25, 2021 @04:09PM (#29345017)
Lol Term Capital Management is a mutual fund registered in the Cayman Islands. Apparently you can email them if you'd like to hear more, probably because it is illegal for this type of fund to advertise to potential clients.