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0 pointsaphextron8y ago0 comments

>What are you talking about? The dollar loses to inflation every year. A 1990 dollar is $1.87 in 2017 dollars.

Which is precisely why you don't leave money sitting in a 0% savings account. You invest it in equity, not a currency. Fiat is designed to lose value through inflation. Thats how the system works.

Expecting to hedge against inflation by dumping your money in another currency is insanity. The only way is through actual economic growth.

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mhluongo8y ago

Erm, currency is the term, and it's a laudable goal, but we're not there yet. Most look at cryptocurrencies as a a hedge because of different monetary policy (eg Bitcoin), censorship resistance, or other features (Ethereum).

Bitcoin has been a great hedge for those who can access it in Venezuela.

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0 pointsaphextron8y ago0 comments

>What are you talking about? The dollar loses to inflation every year. A 1990 dollar is $1.87 in 2017 dollars.

Which is precisely why you don't leave money sitting in a 0% savings account. You invest it in equity, not a currency. Fiat is designed to lose value through inflation. Thats how the system works.

Expecting to hedge against inflation by dumping your money in another currency is insanity. The only way is through actual economic growth.

0 comments

mhluongo8y ago

Bitcoin has been a great hedge for those who can access it in Venezuela.

j / k navigate · click thread line to collapse