There is no “safe” store of value, it always depends on demand
If you don’t think “safe stores of value” exist, why did you pontificate on what you thought would become one?
Bitcoin transfers cost pennies on the Lightning Network […]
Press X to Doubt. Defending Bitcoin in 2025 is certainly a choice.
There is a reason why Chinese people invested […] in the housing market, allowing scammers to build ghost towns they never planned on completing… and then it all went crashing down.
You realize this happens everywhere, right? Housing is an extremely common investment choice, and ghost towns (or at least, a lot of chronically vacant homes) appear frequently as a result. I am once again left asking why problems like this only seem to get noticed when Chinese people do it.
Regardless, none of this changes what I’ve said; China is a superpower with a gargantuan economy that can’t be ignored. And it isn’t! Were it that the dollar died, China would be an enticing replacement for a lot of investors whether we like it or not. Many of whom would happily stomach the risk of government intervention in exchange.
The US sees the Euro as a competitor of the Dollar; for the US to buy a strategic reserve of EUR, it would definitely mean recognizing defeat.
I didn’t realize we were still talking about the U.S. government’s choice in investment alone! I had figured your initial comment had shifted this to being about the dollar’s power writ large, especially given that the U.S. government’s tactics as of late have been questionable on a good day and therefore not really worth speculating on.
But sure, the federal government is unlikely to give up on the dollar. That won’t stop it from imploding if they keep fucking up, and it wasn’t what I was talking about anyway.
Not sure where you get your propaganda from, but I refuse to engage with that whole twisted argumental line. I stand by what I said, I think it was pretty straightforward.
If you don’t think “safe stores of value” exist, why did you pontificate on what you thought would become one?
Press X to Doubt. Defending Bitcoin in 2025 is certainly a choice.
You realize this happens everywhere, right? Housing is an extremely common investment choice, and ghost towns (or at least, a lot of chronically vacant homes) appear frequently as a result. I am once again left asking why problems like this only seem to get noticed when Chinese people do it.
Regardless, none of this changes what I’ve said; China is a superpower with a gargantuan economy that can’t be ignored. And it isn’t! Were it that the dollar died, China would be an enticing replacement for a lot of investors whether we like it or not. Many of whom would happily stomach the risk of government intervention in exchange.
I didn’t realize we were still talking about the U.S. government’s choice in investment alone! I had figured your initial comment had shifted this to being about the dollar’s power writ large, especially given that the U.S. government’s tactics as of late have been questionable on a good day and therefore not really worth speculating on.
But sure, the federal government is unlikely to give up on the dollar. That won’t stop it from imploding if they keep fucking up, and it wasn’t what I was talking about anyway.
Not sure where you get your propaganda from, but I refuse to engage with that whole twisted argumental line. I stand by what I said, I think it was pretty straightforward.