/biz/ - Business & Finance

>>54538316
anything you can freelance you can convert to crypto one way or another from fiat.

also in inflationary economies traders buying p2p fiat and giving p2p cash usd will appear, the arbitrage percenage they demand will move depending to capital flows, so when the capital markets go up due to absurd brrrrr like 2020-2021 they will actually pay you to sell your crypto by giving more than you give them, so you give them 100 tether to get 105 in cash usd.

On times of banking chaos like now this arbitrage reverses, and now you get 96 usd cash per tether, there are always going to appear people cashing on arbitrage opportunities created by capital controls and inflation, this is why i find CBDCsTards so hillarious.

They think they can create a closed monetary system while literal marxist leninist dictatorships failed to implement capital controls.

>>54444124
they are truly retarded

>>54257662
>I see, I’m familiar with this I’ve just never heard it called the Bretton woods problem, and I had never heard that story about the global currency, thank you for taking the time to explain.

https://en.wikipedia.org/wiki/Bancor

>I believe we’ve seen that sufficiently well with the eurodollar system where the banking centers worldwide suffered from their own policy in leveraging dollars. I think Bitcoin would end up extremely similarly, I don’t think decentralizing the money supply curve amongst the nations would suffice to distribute that curve any more than it already has been.

It's more about preventing competititve devaluations between floating currencies, before 1971 competittive devaluation was against gold first and after that to the usd.

So now all curencies are devaluating against each other so it can appear that the usd/eur ratio are the same for a decade while they lost 150% of their purchasing power vs real estate.

While if you have something like gold, the bancor or bitcoin as a layer 1 they are floating currencies against such thing, and since bitcoin or gold have 2% yearly infaltion, floating currencies would float until the point people protest such competittive devaluation.

This is why after 1971 you see so many bad trends starting currencies were floating against gold that has 2.30% yearly infaltion, (housing probably expands on the same percentage per year)

But once the pseudo gold standard collapsed currencies are floating against each other which means they devaluate against the currency next door and may end up inflating against physical stuff like cars, real estate, housing, education a ton more than people think.

So it's a game theory problem more than a monetary one.

>>54257828
Having a country were they cook animals alive for their taste as a global leader would be terrible but the current us financial situation is clownish as hell.

Also China is the country that benefited from bretton woods collapse in 1971

>>54232540
We are mostly there already.

>>54051719
3 billion is nothing in the usa, also peter thiel was telling for a few days to leave the bank.

Everyone knew something was fucked up, circle was actually late leaving if this is true, they barely made if the post is real data.

So they probably did not had good data in fact they would be pretty late to leave the bank since startups got info from their venture funds to leave for a few days.