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> while as an asset its inherent deflationary nature makes it surprisingly safe as an investment My toenail clippings have an inherently deflationary nature. Y
by the_gastropod 7y ago
> while as an asset its inherent deflationary nature makes it surprisingly safe as an investment
My toenail clippings have an inherently deflationary nature. Yet, nobody's knocking down my door to collect them. What gives?
- gruez 7y ago>My toenail clippings have an inherently deflationary nature. how can they be deflationary (unless you're dead, or don't have toes) when they're growing 24/7?
- the_gastropod 7y agoYea, exactly—you kind of answered your own question: I'm mortal. So like Bitcoin, there is a finite amount they will increase. That makes it a great investment opportunity, right?
- oarsinsync 7y agoAnd there are lots of alt-nails out there too. The problem is that it's not trivial to distinguish between your bitnails and all the other altnails, so you have a massive counterfeiting problem the moment any real value gets attached to your bitnails. (So, no, I won't be investing.)
- drcode 7y agoIt's hard to securely transfer your toenail clippings over the internet, meaning they have no advantages over fiat currency. If you could somehow create a new technology that would allow your specific toenail clippings to be easily transferred over the internet (or could give your toenail clippings some other substantive advantage as a currency over traditional fiat currency) they would likely become very valuable very quickly.