HodlFeed – a Cryptocurrency Newsfeed
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The more people hold, the less chances there are that Bitcoin or other protocols will be ever used to buy a burger from local shop.
Look at this, even Bitcoin conference doesn't want to accept BTC in payments for tickets, so where can you use use BTC if not on a BTC conference?
https://news.bitcoin.com/miami-bitcoin-conference-stops-acce...
Right now, it can take 10 minutes and $20 to transfer any amount of money on the BTC network. That isn't reasonable to buy a hamburger.
I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time.
Modern man already needs to buy and sell things to survive. It's not clear to me why his currency needs to further promote this behavior.
Mild inflation does not discourage saving, it discourages saving the actual currency, which does nothing for the economy. It encourages saving in the form of investment, which stimulates the economy.
If my dollars were guaranteed to get more and more valuable over time, why would I spend them (more than absolutely necessary) or invest them in economic ventures? This is why deflationary currency is bad.
Many still spend in a deflationary environment, they just do so with far more care about the product and it's longevity.
People will invest also, though only with a expected return greater than deflation gains.
Instead the status quo is being forced into overvalued equities or real estate investments. There's no real option to be a saver in the western world anymore.
A currency is important only because it is a medium of exchange. A currency is actually working well if it is slowly decreasing in value, because if it does not then people will hold onto it and not use it, thus making it a commodity. In the longer term, what happens is that people will switch to another method to transfer value, and your currency then becomes worthless as the reason for it storing value is removed.
This is one of the reasons why a deflationary by design cryptocurrency is so dangerous. It seems intuitive in our current thinking to increase value by design, but actually this can have dusasterous consequences. Japan, for instance, has had massive problems with deflation and eventually had to work to counter this for their economic health.
Obviously rampant inflation is dreadful, but that’s not what we are talking about here. Low underlying inflation is, somewhat ironically, an excellent indicator of a healthy economy.
I would argue that the more people hold, the better. It is taking power from centralized government fiat and injecting it into crypto, even if for brief periods of time.
Sounds counter-intuitive but a society throwing their life savings into crypto is actually a good thing. Letting the early adopters get rich is probably a net benefit if it attracts widespread attention and adoption, which is what crypto needs to become a day to day currency.
A small word of unwanted advice for anyone developing anything related to crypto-currency tickers: don't add "multi currency" as an afterthought. E.g. coinmarketcap's API, or the CoinCap interface have hacked this in. It's ugly, inconsistent and feels amateurish. Nothing wrong with adding "mutli-currency" in a later phase, but this is certainly not a "YANGI" thing: There are far, far more people out there, who will want to use your product, but who don't use USD than there are that use USD.
This is on Firefox, latest stable. I cannot see any session, cookie or local-storage that would've stored my setting, nor do I see any network activity that would've stored the setting in my account.
It looks like a bug of some sort.
Looks like this API request is to blame: https://api.hodlfeed.com/coin-types?
This is my friend's website, and I posted here without giving him a heads up. This is my first Hacker News submission, so I was not expecting to hit the first page.
We are doing a quick reboot to scale up and should be back shortly.
- lodash
- JSS (cssinjs.org)
- Material-UI (mui.org)
- Highcharts.js
- Popper.js
- Moment.js
- React-select
- Redux-form
judging from the bundled main.js file. [0]
also, any plans to add analysis from medium / twitter?
how is quality of articles determined? is there a working list of sites currently included / excluded?
To help beginner's, you might consider some combined number that weighs each rating differently according to what you think is important.