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A comment on Ask HN: Feel bad about working in crypto, what to do?. Parent comment

Re:Ask HN: Feel bad about working in crypto, what to do? by latchkey on Sunday June 19, 2022 @03:03PM (#31802318)
"Sure but". Look at the last 100 years of the value of gold. The value has gone all over the place, with many crashes. It isn't as stable as you think.

All it takes is one single "discovery" of a massive cache of gold. That cache is then controlled by the government who's land it is found on. It is one of the most heavily manipulated forms of 'money' on the planet.

It might be good enough for you, but as the person who started this thread, I'm clearly in the camp of less government control over my funds... No, thanks.

[ Parent | on HN ]
Re:Ask HN: Feel bad about working in crypto, what to do? by notahacker on Monday June 20, 2022 @05:53AM (#31808311)
Excuse me. When did I say gold was good? I said it wasn't as abominably bad as cryptocurrency, which doesn't need something as unlikely as a discovery of a massive cache of gold to wipe out poor people's meagre fortunes and is the most heavily manipulated form of money on the planet.

It's like concluding that as poor Vietnamese people already smoke (the men generally do...) in lieu of better forms of entertainment, what would really improve their lives is some crystal meth.

[ Parent | on HN ]