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ptujxano2mo
because adoption is measured through number of people
uiuepryv2mo
of course, it can be more lucrative for those who get in, but if we are talking about mainstream traction, that's a different metric
ltjazjo2mo
inflation will cause price increase no matter what, and price increase will cause adoption (and from then on, one causes the other interchangeably)
mwlbwln2mo
IMO
jrsdnzlk2mo
.
fpcijnhi2mo
my post was more of a comparison within crypto, not to other investments vehicles ๐Ÿ˜ฌ
nnqhfqv2mo
within crypto? then your post is even more misleading, because precisely BTC dominance over altcoins has been raising very steadily this year, now at 66%
lteordu2mo
while in 2017/2018 it was in a low of about 30%
hmknqfx2mo
oh, I guess you mean "crypto-wise", taking in account btc and altcoins
jvycwcq2mo
well I guess then that's the culprit not considering altcoins to be shitcoins ๐Ÿ˜‰
kejewkep2mo
in 2017 shitcoins made money. Now, not so much
qacrypy2mo
this is what I exactly meant
uikrahh2mo
it was bound to happen, shitcoins are shitcoins
cvugmgecpyyusekr2mo
The idea people would move to BTC just because of inflation doesn't make sense. There are already assets that are not inflationary. Bonds are not inflationary, gold is not inflationary, real-estate is not inflationary, stocks are not inflationary. Inflation has been pretty consistent for the lat 100 years and there is no evidence it is accelerating.

You need people to spend and having an inflationary currency does that, if they don't want to lose value, you move your cash into something that doesn't inflate. Inflation doesn't matter if you don't have savings or you rack up massive amounts of debt.

Inflation isn't bad when it comes to debt. Could you imagine getting loaned a currency that deflates in value?
tqcblvvdfpbsfeoq2mo
I will just put off paying back this 1 BTC to for 5 years.
tnkutks2mo
stocks and real-estate non-inflationary?? haha
jmoyrlz2mo
gold is non-inflationary, but is not as easy to transport as btc, that's why there will be massive exodus from gold to btc IMO
tcmynuv2mo
wrt deflationary-currency loans, remember bitcoin is still inflationary, just logarithmically not exponentially
fhqohhyfdpqxvzhf2mo
Both stocks and real-estate outpace inflation. Average index return is 11%, average real-estate is 9%. Inflation is 2%.
xafyvwn2mo
you're talking about the effects of inflation, not inflation itself
ayhcgvc2mo
quantitative easing is much higher than 2% per year but due to the cantillon effect and on the way they misreport the increase of prices, you're only told about that 2%...
fxwummepqokmmloc2mo
There are assets that outpace inflation, if there wasn't literally no one could become rich off investments ever.
bcndbru2mo
yeah and the point of btc is to finally have a currency (sound money) that you can use without the need to flee to assets that outpace it
kqivmpl2mo
so that investments are less driven by greed
tqispehmurvquphs2mo
Ya but it would essentially also allow those who are rich and have active assets to not invest at all and not have to worry about inflation.
fuihjuqcqilckcux2mo
Crypto would ultimately just pool at the top and those people would essentially become a pseudo central bank and because they no longer need to worry about inflation, they don't need to move their money around at all.
xjozhllogflkfaxt2mo
I am not really sure all these freedom fighters have thought this through.
cmqikdezrklelmxa2mo
You think inequality is bad now, just wait until the rich are no longer hindered by their biggest enemy, inflation.
yhxhdld2mo
good investments will still be better than sitting on your pile of money, especially after the world stops measuring btc with a fiat value
ulkdmsl2mo
so this will get rid of the bad investments
knuoaxy2mo
and I don't think the rich are so worried about inflation; at the end of the day if you're wealthy you have investments that generate revenue, and that revenue is taxed
prgtbgs2mo
so IMO they worry more about taxes
yogcnyi2mo
that's why they move to tax heavens et al.
xmbygaz2mo
(if they were so worried about inflation they would have all moved to btc/gold ages ago)
yulyytj2mo
BTW BitFinex just announced lightning support! next bull run will not have mining-fee-related problems, so sky is the limit...
kgmklasbynpyeyay2mo
The only bad investment it will get rid of is leaving your money in cash. If the whole world switched to crypto, poor people won't stop being poor. Inflation only affects people who have savings. The vast majority of people are maxed out because of spending/debt. If you have an active asset, it doesn't matter if you charge USD or Crypto money, whatever that money may be will flow to you.

I will agree they worry about taxes, but crypto is much harder to tax. So kiss any government social programs goodbye. So the money will flow to those with assets, the poor will still be poor and probably end up worse because they will have to take predatory deflationary loans, the government will have an almost impossible time doing anything forcing everything to the private sector which without government oversight (they will not have the money to police) will form cartels and monopolies.
iomhqpojbbunbruz2mo
More than likely though if a massive recession hits, Crypto which is currently acting like a high volatility investment will most likely collapse hard as people flee to things they readily can pay their rent with and as the volume and liquidity dry up the price will drop even further. Weak instruments decline first before a recession.
awepxvakg2mo
what card do you guys use with your crypto?
bpsswtofl2mo
I wanted to play some online poker to every now and then. Any non scammy and reliable sites which offer crypto funding (or even also withdrawals?)
vmrpqvos2mo
Spam!
hkmunpf1mo
Keybase will stop stellar drops :disappointed:


wdutioyvkyqakdtv1mo
If you're going to lose money, mights as well be in a sexy looking UI.
fnefbfdg1mo
.
wcphxnuhlen1mo
An update on the QuadrigaCX saga:
> _Exhumation Request_
> On instruction from the Official Committee, Representative Counsel issued a letter to the RCMP, on behalf of Affected Users, requesting the RCMP to exhume the body of Gerald Cotten to confirm his identity. A copy of the letter can be foundย here.
vpunrgvjsgw1mo
So, they are asking the Canadian police to exhume the guyโ€™s body. People are saying he might have faked his death.
rtyfrzmurhgnkvvr1mo
Maybe, but I doubt it, it's very hard to liquidate crypto in mass to usable cash and in this day and age it is in many ways harder to do this stuff.
ztwctirk1mo
thats intense
affwfatlk1mo
Holy shit canโ€™t wait for the quadrigaCX movie
bbjqzjdg1mo
Yeah itโ€™s definitely a made for movie story
vzffafsodd1mo
It's 2020 somewhere already, interesting ๐Ÿ˜„
gtkyvgte1mo
I'm surprised Bell didn't grow out of his anarchy phase, some people just want the world to burn huh
oairjagqx18d
Anyone know what addon to use for GPG Encryption in Outlook 365 for macOS?
glvymwmpv18d
I have the GPG Suite and Enigmail for Thunderbird but I cant seem to find what to install to make use of encryption in Outlook for mac
loprtcsd16d
What are some promising stablecoins?
inhzrpev16d
Didnโ€™t tether get ruled legit after all?
qlveyyksc16d
well there the big ones like USDT, TUSD, USDC, GUSD
upmwyayua16d
what currencies do you need?
kzlfpxpfu16d
I personally am a fan of trusttoken
bnsqundcz16d
The reason I like trusttoken is that they're very transparent, they were one of the pioneers in the space, they have a good collection of currencies available, it's easy to transfer money in and out. I just send a wire transfer, and new tokens are issued almost instantly. They don't charge any fees, and transaction fees are very low.
lshpvg16d
I generally use Dai as it's the most "trustless" of the bunch, and has the greatest integration possibilities into defi platforms (like compound and rdai).
jcsgoiew16d
hsjblgubsk do you trade crypto?
hhyhapilu16d
I don't trade crypto often
wryrecvx16d
mostly stocks? what about FX
hhnjuxqam16d
mostly stocks
izpjuzij16d
cool
kkgkwfmm16d
day trading or longer term?
kbpvowyl16d
feel free to tell me to stop asking questions ๐Ÿ˜‰
mbigheomg16d
I'm a day trader, but also do some swing trading, options trading and investing
xhpjmwjp16d
neat
cnaipahpd16d
I used to work in devops
knlanzfe16d
how long have you been a full-time trader? I trade crypto and dabble in FX in the side
ngqwmivt16d
too comfy in my current devops role to think about giving it up ๐Ÿ˜›
tnwsfikct16d
I don't trade full time, I just trade for fun. But I left the corporate world in 2018, if that's what you're asking
kuzyhflb16d
so it's not your main income source?
ydcqbviy16d
I just assumed based on your profile
cooiwzcim16d
yes, it's my main source of income
fszjwyttdnhjbcqb16d
zgtvlwwzcx if you are up day trading that is impressive. I was not cut out for it.
fnfndpsjj16d
It takes a special type of person. Not everyone is capable of handling it.
nweetokeu16d
qfciyzdolk I should put it all on red, right? ๐Ÿ˜‰
fpqpwjxoafnaljoq16d
I had a friend who made it, was very mechanical. I am too much of a risk taker to be good at it.
yrcpalizjpdhwmpw16d
I met a DN who did online poker but he did like 8-10 hour shifts.
moxkhibon16d
One of the most fun ways to lose money for sure
dunjtecgy16d
Day trading that is
ogfjtnvtv15d
I think going to a casino is a more fun way to lose money
nihkvcilz15d
or buying an altcoin at its peak then watching it become worthless
faymfgzh15d
too real
bkghlchs9d
Iโ€™d watch a documentary of people that just made the worst decisions with day trading / crypto..
eipnhbmj9d
I still want to know what happened with the guy that was investing in crypto where half of the money was meant for the sister, it was their inheritance and their parents were already gone
oucbpoqu9d
And heโ€™d already made a series of bad calls
huvzjoqv9d
I personally know someone who took out a loan to long the 2017 descending triangle bottom ($6k). I hope he held long enough to get back in the green...
xypleueyd9d
fuxestvoc Like they say don't play with the money you are not willing to lose ๐Ÿ˜„
whjpgfmep9d
Buy and hope is not a strategy, it's foolish
slwuonxpoeqifhki9d
Well especially not for a low volume risky instrument like crypto.
yozxppjw8d
twsvwym6d
faketoshi's coin flipped BitcoinCrash #whatatimetobealive
hbjrtakg6d
yea quite the exit pump
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