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If bitcoin is a long term store of value, it doesn't need to scale. For the same reasons a person wouldn't expect a 401k to work like a debit card. (((((:
by IXxXI 6y ago
If bitcoin is a long term store of value, it doesn't need to scale.
For the same reasons a person wouldn't expect a 401k to work like a debit card.
(((((:
- bkanber 6y agoThat's not how bitcoin was marketed in the early days. And I don't trust it even remotely as a long term store of value.
- whateveracct 6y agoThe marketing pivoted to "long term value" and all the BTC-hypers started acting like it was a huge success thanks to moving the goalposts.
- ClumsyPilot 6y agoWell, dynamite and machinegun were meant to end all wars. How things turn ut is not up to the original creator.
- alexgmcm 6y agoI mean the price is still incredibly volatile compared to say gold, silver, Government bonds etc. I don't get how it can be a good long term store of value with that level of volatility?
- whateveracct 6y agoBitcoin as "long term store of value" is just a framing invented years ago to pivot BTC into a more theoretically unassailable position imo. _Because_ it failed to truly transformatively deliver on the more immediate things people hoped it would (anonymity, currency, etc)
- whateveracct 6y agoI want to add that it's hilarious to me that "long term store of value"'s value proposition is as fiat as the USD :) Honestly maybe more so