Re:Elon’s Out
by Anon1096 on Saturday July 09, 2022 @07:01PM
(#32040142)
You've basically written a lot of words here to say that Musk is making companies people want to invest in, and somehow that's the Fed's fault.
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Re:Elon’s Out
by camjohnson26 on Saturday July 09, 2022 @08:14PM
(#32040602)
You’re missing the key point then. People want to invest in NFTs too, and if you don’t see why that’s a problem you’re willfully blind.
Why is what other people do with their money a problem for you?
I think NFTs are stupid, but I don't think they're "a problem".
People spend lots of money on stuff I find stupid. I would never buy a Gucci handbag, they have about as much value as an NFT. But if someone else wants to, it doesn't hurt me, so, so what?
Re:Elon’s Out
by camjohnson26 on Saturday July 09, 2022 @08:57PM
(#32040849)
Because it added fragility to the economy, just like people over paying for mortgage backed securities in 2008. If it was a few foolish individuals that would be different, but reckless speculation has been actively encouraged by the Fed across the whole economy, NFTs are just one example.