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And all the coin-heads cry out in horror... but... but... but I was told it haz value... lol.

And all the coin-heads cry out in horror... but... but... but I was told it haz value... lol.

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[–] • 3 pts

Of course the criminals are going to say that. Seriously, any one think federal reserve notes are a good store of value? Do you know the term debasement? Have any idea how much federal reserve notes are debased? Imagine a currency that loses 2% of its value every fucking year. It's actually much higher than that. Have you heard the euphemism "quantitative easing?" Imagine the inflation of the capital markets breaking into the consumer market. Federal reserve notes are only good for transactions. Paying Bill's is it. Any excess currency needs to be converted into a hard asset as soon as possible or you lose it.

So what does Powell recommend as a store of value? I know, gold.

[–] [deleted] • 1 pt

If there is no power or network, I can still pay with dollars, gold or silver.... not so much with an intangible ghost currency.

[–] • 1 pt

Exactly. This is one of the problems I have with crypto currencies.

[–] [deleted] • 2 pts

BUT DE BLOCKCHAIN! YUO CAN PRINT IT OUT!

Lol. The only reason why I'd bother with crypto is to make easy money to spend on shit. That's it.