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So land it is, since we can both agree on it. My thesis remains, that "real production value" does not exist, or at least is dwarfed by people "electing" a sto
by jraedisch 6y ago
So land it is, since we can both agree on it.
My thesis remains, that "real production value" does not exist, or at least is dwarfed by people "electing" a store of value. Like Tesla, gold or land.
Bitcoin seems to me uniquely suited to become the next store of value elected by the most.
If it does, even land might lose value compared to it.
Volatility might lessen over time, in any case is only a real problem if there is a long-term down trend. Else, just DCA in and out.
Of course, this is all hypothetical, no guarantees.
- mcv 6y ago> Bitcoin seems to me uniquely suited to become the next store of value elected by the most. I strongly doubt that. It's too impractical. Literally the only thing that gives it value is the trust of people, and that's a fickle thing. It might have gotten big as an online payment system if it could scale sufficiently for that, but it turns out it can't; payments are too slow and expensive. With that gone, blind trust in a system that has proven to be very volatile and has had a lot of events where a lot of people lost access to their bitcoins, does not seem very likely.