4 ms·
Can not withstand, sorry: Bitcoin is a store of value nowadays. If you want to compare it in an environmental-impact way then compare it e.g. against gold minin
by WanderPanda 6y ago
Can not withstand, sorry: Bitcoin is a store of value nowadays. If you want to compare it in an environmental-impact way then compare it e.g. against gold mining.
- criddell 6y agoYou don't have to mine to make a transaction with gold.
- igorkraw 6y agoBitcoin smoothly moves between store of value and next level of banking whenever fees rise to high to transact or a new tech which is totally gonna make it scale and be affordable for micropayments respectively. As a store of value it is utterly unusable due to volatility. Like gold, another perennial favorite of a similar crowd.
- WanderPanda 6y agoBeeing a “perennial favorite of a crowd” seems like a good property for a store of value ;)
- igorkraw 6y agoDepends on the crowd size and philosophy. The only true store of value is a diverse portfolio, anything below that you need to use your own priors and data to decide what kind of risk you take.