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A comment on Regulating Crypto: How we move forward as an industry from here. Parent comment

Re:Regulating Crypto: How we move forward as an industry fro... by epolanski on Wednesday December 21, 2022 @09:13AM (#34080952)
The idea that money (which is made as a mean of transmission between goods) should be hoarded is stupid.

No wealthy person in this planet got wealthier by hoarding pieces of paper with pictures of national heroes, but by investing it in gold, art, land, real estate, stock markets and many others.

If you and some other people agree that specific hashes on a specific blockchain have some value for you and avoid "debasing your savings" you're free to hoard them.

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Re:Regulating Crypto: How we move forward as an industry fro... by imtringued on Thursday December 22, 2022 @06:38AM (#34092362)
The problem isn't necessarily hoarding but rather governments decided to only have one legal tender and sabotaging that legal tender is effectively the same as sabotaging the entire economy. Hoarding is a kind of sabotage but if people hoard something that isn't legal tender they are not threatening the economy.

The wealthy might be hoarding Lamborghini's but we can always build more cars. Can't do that with money unless the government or a commercial bank does it.

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