Comment on API error knocks PayPal, Venmo offline around the globe
JackbyDev@programming.dev 1 year agoCash still loses value at the whim of the central bank
You don’t believe that an unregulated and anonymous money like crypto doesn’t have its price manipulated?
shortwavesurfer@lemmy.zip 1 year ago
True, but the market decides what it’s ultimately worth. For example, Monero, on the 365-day moving average, is worth $152.31. And it fluctuates within about 6% of that level, almost always.
JackbyDev@programming.dev 1 year ago
It’s weird to me that you believe the market ultimately decides what crypto is worth while acknowledging manipulation happens, but don’t believe the market ultimately decides what the US dollar is worth while acknowledging the fed controls the rate of inflation.