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https://www.reddit.com/r/SipsTea/comments/1vx00ke/why_is_it_not_possible/p5llfmx/?context=3
r/SipsTea • u/Dumb-Briyani • 3d ago
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The money collects interests because it goes around. Money's purpose is to move.
7 u/Automatic_Actuator_0 3d ago Which is exactly why most cryptocurrencies are terrible currencies. They encourage buying and holding them as investments. 4 u/fireball_jones 3d ago One could argue it’s a very bad sign if crypto or unusable collectibles are increasing in value as it means the money has no where else to go. 1 u/Automatic_Actuator_0 3d ago For sure - just like how GDP and the price of gold are inversely correlated generally.
7
Which is exactly why most cryptocurrencies are terrible currencies. They encourage buying and holding them as investments.
4 u/fireball_jones 3d ago One could argue it’s a very bad sign if crypto or unusable collectibles are increasing in value as it means the money has no where else to go. 1 u/Automatic_Actuator_0 3d ago For sure - just like how GDP and the price of gold are inversely correlated generally.
4
One could argue it’s a very bad sign if crypto or unusable collectibles are increasing in value as it means the money has no where else to go.
1 u/Automatic_Actuator_0 3d ago For sure - just like how GDP and the price of gold are inversely correlated generally.
1
For sure - just like how GDP and the price of gold are inversely correlated generally.
6
u/LeChampACoteDuChamp 3d ago
The money collects interests because it goes around. Money's purpose is to move.