/biz/ - Business & Finance

>You WILL use ze dollar coin

>"Check it out anon, its USD, its a currency backed by the federal reserve and American government"
>"Woah neat, why should I buy it?"
>"Well anon its ran by a team of governors who've never had anything resembling a real job in the private sector, and they've just reduced the supply to make it more valueable!"
>"Gee that sounds like a great coin to invest in, but what can you purchase with it?"
>"Oh, to make it stronger Jpow had to destroy the world economy, so you can't buy food or electricity with it, but its strong! Its tied to the DXY index with is stable at 20 right now, you can exchange it for Lunacoin and then fly to a neutral country where you can trade it for rubles and buy food and gas with! H-Hey anon why are you leaving to trade pots and pans for rice come back and buy my bags!"

This shitcoin’s algorithm is a cabal who flood the market with liquidity to prop up the value of stonks owned by other members of their tribe. Word is it has some government adoption.

Frens, let’s combine our powers of collective autism. What is a big non-crypto arbitrage play right now that is scalable? Basically, you buy something worth $1 and somehow can convert it into maybe $1.50 of something else.

Here is one example from several years ago: golden dollar coins. There was a free shipping policy for boxes of them in order to try to get them circulating, and people bought them in bulk with credit cards for the frequent flyer miles or cash back. Then just took them to the bank and deposited them and paid off the card bill each month.
https://www.google.com/amp/s/www.businessinsider.com/us-mint-ends-the-dollar-coin-scam-for-airline-miles-2011-7%3famp

That sort of thing. There really is a free lunch if you know where to look.