still not sure if crypto is a scam
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here are the things i still don't understand:
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the bitcoin whitepaper seems to say that the best part about crypto, its raison d'etre, is that you can send peer-to-peer transactions with no financial institution middleman
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Replying to
there are other reasons to like crypto; e.g. unlike USD, BTC can't be devalued by bad monetary policy, b/c the monetary policy of BTC is programmatically set in stone
this is, if i had to guess (i'm guessing off first principles here), a reason why financial institutions are interested in holding crypto - its value is relatively uncorrelated from the value of other currencies b/c it isn't affected by monetary policy so it's a useful hedge
Replying to
ya, seems smart to move to crypto if your country has bad monetary policy
but what if your country has good monetary policy?? or do no countries fit that description?
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well, i guess you could consider going hard into crypto a bet that your country already does or will have bad monetary policy, according to your values about monetary policy 😅
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