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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by tastyfreeze on Wednesday February 23, 2022 @12:10PM (#30443407)
I am just hoping to maintain purchasing power of money I have earned by getting out of fiat currencies however I can. I shouldn't need to invest in anything to maintain the value of my money.
Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by jeremyjh on Wednesday February 23, 2022 @03:16PM (#30445824)
Staying ahead of - or keeping pace with - inflation is actually a primary purpose of investments and why many people invest in stable bond and money market funds.
Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by tastyfreeze on Wednesday February 23, 2022 @04:12PM (#30446520)
Until the creation of the Fed and the destruction of gold money holding your money was how you maintained value. Investing was to grow your wealth. We are now forced to invest to maintain value and for most it is a losing proposition. If your investments cant beat inflation every year you are losing value.

By saying that investment is how you maintain value you are saying that the dollar is a bad store of value. Stability, which USD doesn't have, is a property of good money.

Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by jeremyjh on Wednesday February 23, 2022 @07:04PM (#30448516)
None of that changes what crypto is. Another property of good money is performing transactions in a few seconds and being accepted by local markets for goods and services.