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by nuerow 1697 days ago
> Haha, you must be blind. Nowhere in the article did they say that.

Second paragraph. Hard to miss by anyone who clicked on the link. Be my guest and check it out.

> I quote: "we believe there are fundamental problems with gold, oil, and the U.S. dollar as stores of value going forward".

Somehow you managed to skip just enough of the text to glance over the part I quoted and you claimed it doesn't exist. That isn't very honest of you.

Anyway, it seems you also failed to notice that the thesis of that article is that the economic stimulus programs adopted by not only the US but also essentially the whole world, like any Keynesian policy applied to an economic downturn, involves policies that devalue the dollar through inflation.

They also argue that they believe that gold is immune but has a fixed supply that can accompany increases in demand.

Based on these points, they proceed to argue that Bitcoin is a better long term investment because, unlike gold and the US Dollar, it's supply is capped, thus it's value is bound to grow faster than inflation and gold prices, provided that demand continues to grow.

With this in mind, do you actually understand the sales pitch made by Winklevoss Capital?

1 comments

"For the last 75 years, the U.S. dollar has also been a reliable store of value."

I'm not a native English speaker, but "has been" is a past tense. Then they explain why these times have indeed passed.

If you cannot interpret past, present and future, then there is no point in us discussing this further.

EDIT: Ok, no problem then, Winklevoss twins think the US dollar is a reliable store of value. Great article they wrote about that!

>I'm not a native English speaker, but "has been" is a past tense. Then they explain why these times have indeed passed.

Not being a native English speaker seems to have led you down the wrong path here.

As a native English speaker, I can confirm that you're incorrect in your assessment.

The phrase "has been," e.g., 'the dog has been feeling poorly', or 'Steve has been lying to you', or 'For the last 75 years, the U.S. dollar has also been a reliable store of value.' absolutely refers to what has already happened, but it certainly does not exclude the idea that whatever 'has been' is still happening.

In fact, both of my examples, as well as your quote strongly imply that what "has been" the case continues to be so.

If you cannot properly interpret English as it's actually used, then perhaps someone can help you with that, rather than refuse to engage with you[0].

Unless, of course, you are uninterested in anything that contradicts what you want to believe.

Oh, and you're welcome.

[0] See what I did there?

>EDIT: Ok, no problem then, Winklevoss twins think the US dollar is a reliable store of value. Great article they wrote about that!

Just to clarify, I didn't read the article in question, nor do I care what those folks think about anything.

I merely provided you with information about English usage that seemed to have eluded you. Again, you're welcome.