Probably since they started disconnecting the Dollar from gold. But yes, the inflation rates of the Dollar are incredible. Imagine working hard, saving up Dollars for your old days, and then when you are too old to work your money turns out to have lost 80% of it's value. And then you have to get back to work while regretting that you invested in a currency for suckers instead of gold.Why today ? Hasn't it been so since ever ?
I'm splitting hairs, but the risk was not that they disconnected from gold, but that they had the authority or at least the power to disconnect. You could invest in dollar the day before disconnection because it was tied to gold and then they disconnect and is no longer tied to gold. You can say the investor is not guilty or could not have taken a better decision, but the point is that he put trust in something that changed value.Probably since they started disconnecting the Dollar from gold. But yes, the inflation rates of the Dollar are incredible. Imagine working hard, saving up Dollars for your old days, and then when you are too old to work your money turns out to have lost 80% of it's value. And then you have to get back to work while regretting that you invested in a currency for suckers instead of gold.
The webserver was down for a bit. or the packet filter was misconfiguredIs it just me, or have Russians been attacking ED’s server lately?
Forget all that. Investing requires a probabilistic mindset. Park your cash where you expect the highest returns. I suspect you don't have much (cash) otherwise you would have considered dollar denominated securities, their pros and cons. USA is still the best country to start a business. EU is a joke. No innovation there, no capital either. And no appetite for risk. EU sux.I'm splitting hairs, but the risk was not that they disconnected from gold, but that they had the authority or at least the power to disconnect. You could invest in dollar the day before disconnection because it was tied to gold and then they disconnect and is no longer tied to gold. You can say the investor is not guilty or could not have taken a better decision, but the point is that he put trust in something that changed value.
A dollar is basically an I owe you from the USA government saying the USA society will give you back some abstract value in goods and services when you give them your dollar, so you should trust the dollar as much as you trust the USA government or society.
The fact that the USA government (or the Federal Reserve, or whatever it is) once promised that it could trade dollars for a fixed amount of gold and then broke the promise is relatively irrelevant.
Even before the change of promise you still needed to trust that the USA government/society would fulfill the promise, whatever the promise was at the time . That was always your risk. Higher risk the longer you held your dollar, of course, but that's like in any business, the longer it takes, the riskier it is...
Only idiots leave their savings in cash. US stocks kick fucking ass. Just buy them. Or do you want to talk about Bitcoin?Probably since they started disconnecting the Dollar from gold. But yes, the inflation rates of the Dollar are incredible. Imagine working hard, saving up Dollars for your old days, and then when you are too old to work your money turns out to have lost 80% of it's value. And then you have to get back to work while regretting that you invested in a currency for suckers instead of gold.
Is it just me, or have Russians been attacking ED’s server lately?
Not that I think much about it anyway. I was just following on your Volodomir quote. My point was that it was silly of Volodomir to discover today that the USA (or any country, more or less) can seize assets, raise tariffs or go on embargoes.Forget all that.
Yes, and political interference with certain investments is a never null probability (nor should it be).Investing requires a probabilistic mindset.
I wasn't speaking nor want to speak about my finances or any financial advice. I wasn't even speaking against your advice.Park your cash where you expect the highest returns. I suspect you don't have much (cash) otherwise you would have considered dollar denominated securities, their pros and cons.
What you and I say is compatible, I don't confirm nor deny whether USA is a good place for investments, just that investing in the USA requires trust in the USA, which, you add, you have.USA is still the best country to start a business.
I guess one can come to similar conclusions from different arguments. EU might suck a little more this evening, let's hope it doesn't. It's a risk I don't have any appetite for.EU is a joke. No innovation there, no capital either. And no appetite for risk. EU sux.
I found some access shortages this weekend, yes. But I don't think Putin would dare. A two months war here would drain his resources.Is it just me, or have Russians been attacking ED’s server lately?
@Null What happened to your avatar?
Нет, атаки нет. Просто сохраняйте спокойствие.Is it just me, or have Russians been attacking ED’s server lately?
Actually you're right exchanges and brokers have strict KYC requirements and probably actually real-time reporting at this point. I recall about 5 years ago localbitcoins started asking for things like proof of purchase of ledger wallet along with id scans, of course. Bitcoin is not as fun as it used to be. My theory is most of the interest is because firms want to reproduce the HFT boom. Front-running is a solid business model.Bitcoin is not as privacy focused as we all used to think: https://www.wired.com/story/tracers-in-the-dark-welcome-to-video-crypto-anonymity-myth/