What I find interesting about this is that is shows the steep divide between financial classes. (Completely by accident mind you). If you didn't need the money and could invest it in a risky strategy which you might lose completely, you would have earned X. To those people who desperately needed the money to survive, they are afforded no such option.
If anything cryptocurrency is the "fairest" asset class so far. Anyone could buy it. This is as opposed to VC/hedge funds which are only open to institutional/accredited (aka rich) investors only.
I don't disagree. I am merely commenting on the idea of funds meant to keep people from starving and mapping where they would be if invested. The fast food worker down from my house is definitely not thinking about "stimulus investment strategies"
Minus the tax hit they might take when selling back for fiat and being unaware of the tax implications that having advice a dedicated lawyer or accountant would offer.
Not that I've ever heard of, but per-adult average annual lottery spend in my state (Illinois) was $287.07 (2017). Since many adults don't spend any money on the lottery, there are certainly many who spend more than $1200/year.
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[ 3.3 ms ] story [ 24.2 ms ] threadIn this generation the world will switch from a fiat reserve currency to a digital open one.
I have not idea why HN tries so hard to fight this (probably most of you (like me) are rich white guys in tech).