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No. Stocks, roughly speaking, represent entitlements to corporate profits in the form of dividends. Bitcoin doesn’t represent any kind of entitlement. The close
by centimeter 6y ago
No. Stocks, roughly speaking, represent entitlements to corporate profits in the form of dividends. Bitcoin doesn’t represent any kind of entitlement. The closest analogy is gold - Bitcoin is a scarce commodity with good currency properties. It’s similar to gold in that it’s fungible, dense, etc. Its worse than gold in that it’s not shiny and something you can feel. It’s better than gold in that it’s orders of magnitude cheaper to store and transport security, and it’s vastly easier to ensure authenticity.
- imsd 6y agoAnother comparison: gold's annual rate of production is steadily increasing; bitcoin's is aggressively decreasing. I've just started writing about this. Here's an interesting chart: https://bitcoinflippening.gold/wp-content/uploads/2020/10/bitcoin_gold_annual_production_growth-2048x1083.png https://bitcoinflippening.gold/wp-content/uploads/2020/10/bi...
- tim333 6y ago> orders of magnitude cheaper to store Unless your exchange gets hacked, you lose your keys or similar
- ClumsyPilot 6y agoWell its not like no-one ever steals actual money/gold/whatever
- tim333 6y ago>Chainalysis, a research firm that analyzes activity across different cryptocurrency markets, estimates that between 2.78 and 3.79 million, or between 17 and 23 percent of all bitcoins have been lost. It's more