This is absolutely insane! 👀
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The world is going to go deflationary. Possibly in my lifetime. Who knows?
In many ways it has. People do not realize all that is now at zero (or near zero) cost that use to have a price with it.
Look at photography, information, telecommunications, music, and video.
Those are just a few.
People take for granted that we can interact with people around the world basically for free.
Good points. We are already there I guess for anything that is technological in nature. Hard products and good will follow quickly if we ever get the money fixed.
Dont buy the hype. The money is fixed. We havent had monetary inflation in the US since the early 1970s (not how most people understand inflation anyway). What gets overlooked is all the other things that go into pricing, including simple supply and demand.
Interest rates are continually forced down due to Friedman's interest rate fallacy. As deflation keeps spreading, more money is required. We saw the off shore dollar system (Eurodollar) enter "balance sheet constraint" due to the NIRP from most major countries.
There has been a 0% reserve requirement since March of 2020. Reading your comment has been an interesting mental exercise but I really can't agree. All these bank loans aren't backed by 1 minute worth of work.
To harvest our work and pay Jamie Diamon $39 Million / year .... also back up the structure to the central banks. It enriches them and enslaves us because we don't ever own the land or the rivers or anything else that was naturally here.
It's a mind bender.
Me neither. Although not entirely sure if it's the world or just me growing up, but feels like things getting crazier each day
yeah, crypto never stops surprising, the hype is defintely wild and kinda fun to watch.
It is, and the whole ecosystem is so promising and still so new. So many opportunities there!
Its still early and the upside is wild, especially for buidlers doing real stuff. Where do you see the best plays right now?
Probably Kinetic and Based, which is a perps trading platform. Gonna try it out later on today!