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A comment on Binance's books are a black box, filings show, as it tries to rally confidence. Parent comment

Re:Binance's books are a black box, filings show, as it trie... by coffeebeqn on Monday December 19, 2022 @05:53PM (#34058949)
> inflation

There are better bets out there against inflation. Dollar is “down” 8% because of inflation but BTC is down 65%.. Just buy gold if you want a hedge that is not correlated with the general stock market. Crypto is just a proxy for tech stocks

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Re:Binance's books are a black box, filings show, as it trie... by dogman144 on Tuesday December 20, 2022 @06:39PM (#34074517)
Not to be an a-hole, but responses like this are why me and others are like “ok well I’ll give it a shot to explain the angle” and then regret doing it.

That’s a lot of details and context beyond “crypto is just a proxy for tech stocks,” but usually that seems to be the flavor of the response one will get after going out in a limb to engage in dialogue.

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