More specifically, reliable records of interest rates start about 3,000 years ago. We have *never* in all of this recorded human history seen interest rates as low -- indeed negative! -- as they are today.https://twitter.com/maxkeiser/status/1161000868784877570 …
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Right. Paying someone to store value does not seem insane.
But it doesn't cost any more to store bits now than it did when interest rates were positive. That metaphor is a preposterous lie.
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Yes maybe. It’s mostly used as an incentive mechanism by central banks to drive investors to not hoard cash, which would drive a price hike and thus attempt to stabilise it’s value. I can’t argue one way or the other if it’s good or bad, as there’s not enough data.
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Yup. There are regulatory limits to hoarding cash, but no one is forced to buy bonds unless that's how they set up their fund. There's always gold, cash under the mattress, barrels of oil...
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"Hoarding". You know somebody wants to take your hard-earned savings when they start calling it "hoarding", as if you were trying to stuff too many fire hazard cardboard boxes in your apartment.
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"Hoarding" can be a sign that you're a far right anti-government prepper, who meets the criteria for a red flag law confiscation order.
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WE can hold our money in an asset not in the financial system and dont need anyone to hold it for us.
#bitcoin We are blessed to be living AS, After Satoshi! - 2 more replies
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I wonder how true that is? (-1) as 11111111 vs 00000001 is more high voltage states than low, even worse with 32 bit interest rates. Perhaps a penny's worth of electricity a decade? Maybe depends on medium - Hollerith cards could form lace so extra maintenance costs
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what people are paying for is the assumption that their money will hold it's value during a stock market sell-off. i don't think they quite realize the track record of elected officials handing money from the creditors to equity markets
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