3 ms·
You honestly don't see one valuable use-case for bitcoin? And if serious mainstream investors start buying it as an inflation hedge, they are just idiots?
by seibelj 6y ago
You honestly don't see one valuable use-case for bitcoin? And if serious mainstream investors start buying it as an inflation hedge, they are just idiots?
- duxup 6y agoIs that a valuable use case? Just another instrument to try to use as a hedge? That really doesn't seem like what Bitcoin or the community is all about.
- seibelj 6y agoYou can't win arguing about crypto on HN. I list 50 use-cases, everyone says a centralized DB can do it better. I say the most crucial one - inflation hedge - and you say "What, that's it?" You can lead a horse to water, but you can't make it drink.
- duxup 6y agoI didn't look through 50 use cases, but as far as the potential as a hedge ... that seems really ephemeral and like so many things, is a thing that is already a thing.
- raziel2701 6y agoAlso bitcoin seems mighty volatile to be useful for hedging. I think bitcoin is a speculation tool and for buying illicit things.
- ineedasername 6y agoI think there are other mechanisms to accomplish most things that can (currently) be done with bitcoin. I think there's a good chance that will change at some point. Institutional investors are starting to take notice of crypto, but it doesn't appear to be a significant part of anyone's inflation hedge quite yet due to volatility and concerns of manipulation. Again, I think there's a good chance that will improve with time. But yes, for right now, I don't see an existing compelling use-case for crypto except in its future potential.
- istinetz 6y agobitcoin as inflation hedge lmao