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> this is why bitcoin was created I like the idea of cryptocurrency, but bitcoin is an awful store of value compared to gold. I haven't found a recent calcula
by big_chungus 7y ago
> this is why bitcoin was created
I like the idea of cryptocurrency, but bitcoin is an awful store of value compared to gold. I haven't found a recent calculation for the beta of bitcoin, but it's something pretty crazy. Also, china controls over 2/3 of btc hashing power; I don't trust her with a penny.
- javert 7y agoI don't agree with you, but I upvoted you. Bitcoin was designed to replay gold/fiat money, but definitely hasn't grown up yet in terms of liquidity. That's OK in my book.