Post
Topic
Board Economics
Re: True wealth and fake wealth
by
Mr.right85
on 11/08/2024, 14:29:22 UTC
Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.
OP isn’t doing enough research on these aspects to put today living and society before making projections and conclusions. This in itself can be misleading. Like, OP doesn’t understand that stable coins has some untrue principles. That for every Stablecoin out there, there should be a physical dollar equivalent which is mostly not the case.

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The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.
Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.
It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.
I have read very few from OP lately and I can place how he seems to view things based on what is physical or tangible or government backed. I guess OP wouldn’t see much in we having to transmit information electronically as we do today. The manual post office and railway transportation of letters system would make much sense.