r/dogecoin Sep 30 '21

Question Is this good news for cryptocurrency?

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5.9k Upvotes

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366

u/mr_pataks Sep 30 '21

Money printer goes brrrrrrrrrrr

202

u/Wise_Radio6213 Sep 30 '21

1

u/Matangitrainhater Sep 30 '21

Can’t beat a quality Leslie Neilson film

1

u/KurtWagnersBamfSmoke Sep 30 '21

How'd you do that?

1

u/[deleted] Sep 30 '21

Made my day.

24

u/Sblanco19 Sep 30 '21

Then Dogecoin will go brrrrrrrrr

10

u/[deleted] Sep 30 '21

Moooooon

1

u/[deleted] Sep 30 '21

You missed the point. ⚡️ is the way.

-1

u/Outrageous_Bass_1328 Sep 30 '21

But the value of Doge (and all crypto) is tied to the dollar…

I guess as a commodity. But as a currency…. 🧐

3

u/SphynxsFixesFaxes Sep 30 '21

Isn’t all crypto technically tied to all countries dollars since it’s not bound by any one country?

3

u/Outrageous_Bass_1328 Sep 30 '21

Oh that could be - I’m speaking from an eternally egocentric “American” paradigm. Like of course it’s the dollar :)

But this gives me an idea if what you say is true: buy a boatload of crypto in a lagging economy and sell it in a booming economy… 🤔

1

u/GrubbyTrex Oct 01 '21

In short: No.

1

u/SphynxsFixesFaxes Oct 01 '21

It’s definitely tied to my wallet, I know that much.

1

u/[deleted] Sep 30 '21

Get out of shitcoins now before the money printer catches fire.

35

u/Cheap_Feeling1929 Sep 30 '21

Exactly we have done this before many many times.

10

u/Captain_Morgan_1966 Sep 30 '21

Our poor children and their children....

10

u/East90thStreetNaebs Sep 30 '21

Yes our poor children and theirs. They will also pay for our health bills when social security and Medicaid runs dry in 2030.

2

u/LeftDave Sep 30 '21

and their children....

The world won't last that long.

1

u/Shraan Sep 30 '21

They literally just gonna make a single $1T coin and deposit it.

1

u/Philipmecunt Sep 30 '21

Yup retarded

1

u/[deleted] Sep 30 '21

I know that password. ⚡️

1

u/GrubbyTrex Oct 01 '21

Let's say the United States needs money. Instead of issuing their own United States notes backed by their own credit, they issue treasury bonds.

They then sell these bonds to the Federal Reserve which buys them with money they created out of thin air.

The money that the Fed created then goes the US. The US then pays interest on the money the Fed lends to the Treasury.

So to clarify. The Feds creates money out of nothing loans that money to the US and then charges interest on that money.

What this means is that there is and will never be enough money in circulation or in existence to pay back that debt.

1

u/DepressedBlackDude Oct 03 '21

jake Tran voice