Daniel Marans
@dmarans
✋ Never owned it, kind of understand it, unclear on why it's better than a good 401k or S&P fund.
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ted (not lasso)
@ted
thoughts on USDC? or are you familiar with it? second question is a better starting point
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tyler
@tylerw
doesn't replace 401k or SP500. "cryptocurrency" comes in many shapes & sizes, from digital dollars (which just use crypto as infrastructure for transfers) to new (sometimes absurd) currencies like Bitcoin, Dogecoin, etc opens up new things like: 1. instant peer to peer payments: send dollars worldwide instantly with negligible fees. already having large impact in remittance corridors. 2. self-custody funds: not so important in US, but in low-trust or failed states, one can ensure that govt/banks cannot seize funds or debank them 3. "programmable" money: much easier to build apps that move value. opens up much more experimentation in how artists can sell IP, how me lend/exchange money, and more
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Drew Marshall
@dank
It’s not really about being better Imagine all of the cool concerts ticket stubs, baseball cards, and other nostalgic things you might have sitting in a box somewhere Having a wallet and collecting neat little momentos, participation stubs, artworks, etc makes it a little easier to keep up with everything
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Evan
@evangreenberg
It’s better for some investors and not for others, depending on your risk preference, time preference, and amount of faith you have in the traditional financial system (even as a hedge/how many of your eggs you want to put in one basket vs another)
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Varun Srinivasan
@v
your 401k doesn't 5x in a year
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Cooki
@cooki
relevant https://warpcast.com/francos.eth/0xe08e228a
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horsefacts 🚂
@horsefacts.eth
N̵e̵v̵e̵r̵ ̵o̵w̵n̵e̵d̵ ̵i̵t̵ https://basescan.org/tx/0x96077c1f5bd1927cb0be99f58a55b1eb5390f72862909be2e75157a065d285e0
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Thomas Mattimore
@mattimost.eth
been in space for >10 years. few things I find most valuable about crypto: 1. self custody is an important option to maintain individual freedom in a world where technology enables individuals in power to shut down wide swaths of population financials with a single button. its not for everyone, but the *option* is important to maintain freedom for all. 2. defi - programmable money on transparent, neutral blockchains will bring a new level of fairness, transparency, and efficiency to the financial world. Strictly better financial products for billions of people around the world, built by fewer engineers. 3. stablecoins - at @reserve we've been helping people around the world use stablecoins for >5 years. there is nothing like a hyperinflationary local currency to viscerally understand the value of stablecoins on permissionless blockchains. again, giving people access to strictly better financial products around the world.
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Stuart
@olystuart
Is there a S&P fund named Dickbutt? ...didn't think so.
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Christina BorrowLucid | Chones
@borrowlucid.eth
goodmorningsummer.com
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Kieran Daniels 🎩
@kdaniels.eth
You don't actually own stocks or a 401k and you have to ask permission to withdraw it or trade it. This is fine, until it isn't.
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Kieran Daniels 🎩
@kdaniels.eth
@askgina.eth can you give some reasons why crypto might be a good alternative to a 401k or investing in the S&P500? Thanks Gina
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