re: Assuming hyperinflation is coming....

quote:

---

club you with a wrench over

---

You got them Ledger hacking threats huh lol

It’s a Jan 1 tradition for me

quote:

---

And we believe that governments won't devalue it or steal it somehow?

---

Not possible and not possible unless they go around the world and shut down 100.0000% of the nodes which would be about as difficult as stopping the internet and would require every single country in the world to buy in. They get bitcoin shut down in 99% of the countries but one city in Zimbabwe decides to use this as an advantage to get crypto money to come there, the whole entire network can reboot from one single full node with full records. Devaluing and stealing, are not feasible, it is a open, decentralized, peer to peer verification network with little ability to identify actual owners of wallets.

However, They could make your life hell when they see a deposit back into USD from an exchange through taxes, that's about it; but by the time they get their heads out of their arse and see the threat coming for their governance through fiat, I believe it will be too entrenched to regulate against easily, or you might not really need to exchange it back into dollars by then (less likely imo).

quote:

---

You got them Ledger hacking threats huh lol

---

Luckily my address was not part of the leak, only email. I'm moving all my stuff to Coldcard

Avoid coinbase. They shite the bed any time there is big volatility, including today. Cash App or Gemini would be my suggestions

Interesting

Coinbase seems to have more secure options than Gemini as well, including two-step verification using an authenticator app and two email verification in a "vault"with a 48 hour delay for withdrawals. Both give you the option to use a security key.

ETA: For people that dont want to use cold storage.

Stocks and Treasury Inflation Protected Bonds (TIPS)

I think you need to look at scarcer assets to determine inflation in my opinion.

Cars, televisions, clothes, food, computing power, all of this is none scarce and being deflated by technology.

Desirable real estate, income paying assets, GOOD education, healthcare, the inflation is unreal

quote:

---

Says cpi which will never find inflation which is why they use it so they can keep printing.

---

The CPI is no doubt imperfect, which is one reason the Fed prefers the slightly less imperfect PCE. There’s also Core CPI, Core PCE, the GDP price deflator and the implied breakeven between Treasuries and TIPS. All of these suggest a 2%-ish world, at best. In reality, we’re probably sub that.

In addition, bond yields and bank rates include a risk premium for inflation, yet are at or near the lowest levels ever. 30-y fixed mortgage rates have a 2-handle on them.

Finally, equity investors have numerous risk premiums to recover, of which inflation is one, yet earnings yields are currently at about 4-ish. With dividends, maybe that’s 6-ish. When you back out all of the other risk premia equity yields are supposed to reflect (and there are many), that doesn’t leave a lot of inflation risk to bake in. (Of course, equity markets are currently pricing in very little risk at all, but that’s a separate conversation.)