Own Cryptocurrency? Watch this. | Robert Reich

Discussion in 'Crypto Assets' started by Frederick Foresight, Sep 12, 2022.

  1. deaddog

    deaddog

    If the bitcoin network has screwed me, and it hasn't so far as I'm not speculating, it that it hasn't really lived up to its hype of being either a currency or a store of value.
    Granted I can buy goods and services with my bitcoin, not unlike I can buy goods and services with my Canadian dollar. But to my knowledge there are no goods and services priced in bitcoin.
    As far as a store of value, it's more a speculative asset. If I knew I was going to need 100k in 3 months from now I'd keep it in cash. Had I bought bitcoin a year ago on the hype, I'd probably feel I'd been screwed.
     
    #21     Sep 12, 2022
  2. If it is effectively worthless but for the blind faith of relative newcomers propping it up, well, it sure quacks like a duck.
     
    #22     Sep 13, 2022
  3. Pekelo

    Pekelo

    That doesn't mean he can not be very business-wise.

    "The Wall Street Journal placed him sixth on its list of Most Influential Business Thinkers"
     
    #23     Sep 13, 2022
  4. Yeah, but is he ZeroHedge-approved?
     
    #24     Sep 13, 2022
  5. NoahA

    NoahA

    Robert isn't so bad. Can anyone argue with this? Like I said, he brings important issues to light. It's just that his solutions are flawed.


    Screenshot_20220913-122814_cropped.png
     
    #25     Sep 13, 2022
  6. BMK

    BMK

    Robert Reich is a former US Secretary of Labor. He served under President Clinton.

    His YouTube videos may well be garbage. I don't watch that kind of stuff.

    I do sometimes read his columns on The Guardian, like this one:

    https://www.theguardian.com/comment...h-democracy-attack-media-coverage-republicans
     
    #26     Sep 17, 2022