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  1. Alexandre Oliva (moved to @lxo@gnusocial.jp) (lxo@gnusocial.net)'s status on Monday, 22-Feb-2021 02:55:08 EST Alexandre Oliva (moved to @lxo@gnusocial.jp) Alexandre Oliva (moved to @lxo@gnusocial.jp)
    > My brain is hardwired to replace #bitcoin with money. Try it
    foreign currencies (like the money you use) are a pretty decent form of investment where I live, FWIW. when local currency loses half of its value compared with foreign currencies in sudden episodes several times over one's life, and accumulates a devaluation of between 8 and 10 orders of magnitude over a single decade, investing in "money" doesn't sound such an odd idea.
    fortunately most of these devaluations are in a distant past, but there's still enough fluctuation that we have investment funds linked to some foreign currencies, and people who are saving for expenses abroad are often advised to rely on such funds, or to exchange early, as a form of insurance against major devaluations
    not that I invest or recommend crypto currencies as investment, mind you. it just doesn't feel weird at all for me to hear about investment in other currencies
    In conversation Monday, 22-Feb-2021 02:55:08 EST from gnusocial.net permalink
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