Literally anything you buy is 100% inflation resistant. Literally. Anything. Shoes, gum, dryer lint, stocks, real estate, crypto. Once you're not in fiat currency the only thing that matters is ROI, not inflation.
Anything offering you 15% APY for "no risk" is a great way for you to go bankrupt because obviously something hasn't been priced in. If the benchmark interest rate is 0% ask yourself why on earth you're getting 15%. If someone offers you something that seems too good to be true it absolutely is.
I'm actually known as quite an optimist when im not dealing with speculative manias :) I would caution you however that such replies aren't in the spirit of site rules. I suspect that is why so many of your comments are flagged and deleted.
I'm sorry you still think it's a speculative mania. Optimists don't go out of their way to put down things that are seemingly useful to others. Just because you don't find it useful doesn't mean it's useless. Bitcoin is a decentralized, non-state asset and the market is valuing it appropriately, and it will continue to do so.
What you seem to be saying is that the market participants are idiots and are in a state of mania, and that you somehow "know better" than them. This is equally bad, maybe HN rules should add this in too, because the condescension is tiresome.
I'm not sure why you felt the need to "caution" me about the way I write my posts on here and point me to the rules, but I'll have you know that the "fake points" I gained were a (large) order of magnitude greater than the "flagged" posts.
Optimists aren’t optimistic about everything haha, there’s very few optimists about global warming or oil consumption. Optimism isn’t blind support of technology no matter what evidence appears. It’s taking early signs and pushing good ideas forward.
Speculative mania doesn’t mean participants are idiots it just means they’re playing musical chairs, and once the music stops whoever’s left without a chair is left with nothing. And yeah some people get swept up through confirmation bias, seeing number go up and convincing themselves there’s something where nothing exists. Those will be the ones most likely left without a chair.
As for “knowing better” I have my theories which I back with evidence.
I’m not into keeping score here just saying net karma of 0 is not the objective per se, I’m pointing out your post was clearly not in the letter or spirit of the site rules, this isn’t Reddit.
It’s been 13 years now and even the most hardcore blockchain enthusiasts have been unable to point to a single measurable concrete thing achieved better with blockchain that a classical solution. Not one and no path in sight. Only number go up and money laundering? 13 years of time from some of the smartest most ambitious and optimistic folks in all of the tech world. And nothing.
This is ill informed and not in the spirit of HN. I don't even want to argue against this because you haven't done the bare minimum in terms of "research", speaking of confirmation bias, have you considered that you may be confirming your own biases by spouting things like "number go up and money laundering"? really? bitcoin is probably the worst way to launder money. You are yet another irrational critic.
Literally anything you buy is 100% inflation resistant. Literally. Anything. Shoes, gum, dryer lint, stocks, real estate, crypto. Once you're not in fiat currency the only thing that matters is ROI, not inflation.
Anything offering you 15% APY for "no risk" is a great way for you to go bankrupt because obviously something hasn't been priced in. If the benchmark interest rate is 0% ask yourself why on earth you're getting 15%. If someone offers you something that seems too good to be true it absolutely is.
DeFi is decentralized 2008.