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It's never that easy though: I can invest in a pair of shoes to get a job that makes me more money. It's a slippery slope and with the decentralization revolut
by neals 9y ago
It's never that easy though: I can invest in a pair of shoes to get a job that makes me more money.
It's a slippery slope and with the decentralization revolution that is happening, this will only keep on getting more blurry.
- shaki-dora 9y agoYou’re just redefining “investment” to be meaningless. There’s no slippery slope, unless your new shoes have leather soles.
- MadSudaca 9y agoI agree with the other commenter. The same could be said about anything you buy for yourself. I buy food so that I can keep my body functioning, in order to be able to produce value and make money. So buying potatoes is a kind of investment.
- ada1981 9y agoAssets vs. Inputs.
- ada1981 9y agoIf you buy potatoes to eat, or even really to turn into french fries and sell, its an input. If you buy them to HODL because you think potato options are going to bring you a return, it's an investment. If you've invested in a global, decentralized game of hot potato, well, that's crypto ;)
- gus_massa 9y agoIf you are going to HODL, buy soy or corn or other cereal, potatoes rot too easy. [This is not financial advice!] Somewhat related: A few years ago, in Argentina it was usual that the farmers keep most of their production of soy in big long bags in the field, because if they sold them they only could get pesos and with a 30% annual inflation it was better to keep the grains and sell them when they need to buy something. (In Spanish) https://es.wikipedia.org/wiki/Silo_bolsa https://es.wikipedia.org/wiki/Silo_bolsa autotranslation https://translate.google.com/translate?sl=es&tl=en&js=y&prev=_t&u=https%3A%2F%2Fes.wikipedia.org%2Fwiki%2FSilo_bolsa&edit-text=&act=url https://translate.google.com/translate?sl=es&tl=en&js=y&prev...
- drusepth 9y agoThanks a ton for the financial advice. Gonna cash out my 401k to buy massive quantities of cereal for hodling.