Okay.
* Zimbabwean dollars aren't being made anymore.
* Lunacoins / Terracoin isn't being made anymore.
Do these have any reason to go up? And they are (were) real currencies / cryptocoins.
Okay.
* Zimbabwean dollars aren't being made anymore.
* Lunacoins / Terracoin isn't being made anymore.
Do these have any reason to go up? And they are (were) real currencies / cryptocoins.
> * Lunacoins / Terracoin isn't being made anymore.*
Actually, it is. There is even activity in the repos.
https://github.com/terra-money
People still trade it too:
https://coinmarketcap.com/currencies/terra-luna-v2/
I don't agree with it personally, but just clarifying a fact.
I'm not talking about terra-luna v2.
I'm talking about v1.
Zimbabwean dollars foretell the fate of all paper currencies, they might have some monetary qualities, but they lack the important bits like hardness.
Lunacoins / Terracoin foretell the fate of all cryptocurrencies. They might have some monetary qualities, but they lack the important bits like hardness.
The problem with vapid statements is that I can just copy/paste your argument and change the words around... demonstrating how its a useless phrase all together.
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"Inflation Hedge" would be a truly useful thing. That's why it sticks, because people desperately want to prove BTC to be useful. Unfortunately, the stats just don't work out, so you see people twisting the meaning of "inflation" and "hedge" in this very thread.
"Hedges" are things that have high amounts of correlation. (Ex: Hedge on gasoline would be buying assets correlated with gasoline. Exxon, or maybe Brent Crude). And the r-value / correlations can be readily demonstrated. Either positive r-value or negative, it doesn't matter. The important bit is that there's a strong correlation (or anti-correlation).
Hardness is literally a monetary quality, its a moneys resistance to inflation. If the Zimbabwean dollar were to gain value it would be immediately printed into oblivion, exploited for all its worth. The same does go for basically every cryptocurrency, bitcoin is the only one whos total supply is fixed, reliably. Your ignorance of these monetary qualities and what role they play does not make it a vapid arguement.
Why is BTC so correlated to DOGE?
Why is there such a correlation between all cryptocoins and BTC?
Methinks your definition of "hardness" isn't as important as you think it is.
Other cryptos tend to track bitcoin because of increased demand from people who dont understand the qualitative difference between a quality product and scams. Bitcoin holds the majority of market share, and over time basically all of these loose 100% of their value. You should ask yourself what causes bitcoin to have a floor when its had 4 80+% drops in its lifetime.
I find it fascinating just how fixed everyone is on this topic. You are either for it or against it and will die trying to prove the other side wrong. We are just a few steps away from having a Holy War lol.
The difference is that only one side have, at one time, been on the other side. Until they saw the error of their ways.
The desperate rationalisation will only increase with each halving cycle. The oh-so-clever "tulips" joke is becoming increasingly tragic.