ST Alpha - "90% of investment wealth is just digital entries in a bank, a stock portfolio, an insurance company, btc wallet -- nm" (Reading a Post)

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In response to "Why do people think this is a good idea?" by znufrii

90% of investment wealth is just digital entries in a bank, a stock portfolio, an insurance company, btc wallet -- nm

Posted by zeitgeist Mar 17 '21, 12:11

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That’s an incredibly naive comparison, at the very least. -- (edited) - znufrii Mar 17, 12:15 8
- Regulated yes, but the point is, everything is digital entries, wealthy who don't have work for wages relationship its even more so. -- nm - zeitgeist Mar 17, 12:24 6
  - Like I said, incredibly naive. -- nm - znufrii Mar 17, 12:34
  - Our paper money depends on the faith and trust in the federal reserve system. People living in cyber world have faith in digital entries -- nm - zeitgeist Mar 17, 12:28 4
    - That said, conservative money is rushing into real estate, look at how many properties are bought site unseen, by online brokers -- nm - zeitgeist Mar 17, 12:33 1
      - That's still smarter than NFTs. -- nm - Beryllium Mar 17, 12:39
    - Woefully misplaced trust, if so. -- nm - Beryllium Mar 17, 12:31 1
      - And to be clear, I'm not saying that stuff will be stolen. I am saying that the landscape shifts so much ... - Beryllium Mar 17, 12:32
- It's like buying a piece of paper with an address on it, but you have to go talk to Ted the drunken street performer to ... - Beryllium Mar 17, 12:20

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