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A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc. Because we are

A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc. Because we are forced to generally keep our wealth in things susceptible to political influence it’s nice to have a place to store value away from that. My homes value can be wrecked by a variety of government or central bank policies. Same with my equities and bonds. So having a part of your wealth in BTC is frugal as a protection from these things. It is outside the scope of these influences.

zoover2020 6y ago
What if my government bans Bitcoin? Wouldn't that ruin the whole picture? It feels like an unrelagated market, waiting to be regulated
- Acrobatic_Road 6y ago
  they can pass a law banning bitcoin; they can also ban the tides from coming in.
maceurt 6y ago
> A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc. Precious Gold/ Silver is way more adverse to risk than crypto and actually exists as a physical good. > My homes value can be wrecked by a variety of government or central bank policies. Crypto can be affected by those things also. I see the utility in certain aspects, but I don't understand the gold rush when there a lot better decentralized currencies.
- nemo44x 6y ago
  Gold can be confiscated and actually has been in the past. Also, it's easy to lose. I personally feel gold has less value than a globally distributed proof of work and value store. Saying that, at what point did I say you should buy gold instead? By all means, hold both BTC and precious metals as a part of a well diversified portfolio. Maybe there are better decentralized currencies (that's a matter of opinion) but there were better operating systems than Windows. It's about mindshare. Honestly, just look at BTC's performance over the last 10 years. It has been the #1 asset class by far.
  - maceurt 6y ago
    BTC can be confiscated too, you don't think Government can take hard drives or get access to cloud data storage.
- hanniabu 6y ago
  Gold is not portable. Bitcoin has portability. You can store billions of dollars on a piece of paper in your pocket.

zoover2020 6y ago

What if my government bans Bitcoin? Wouldn't that ruin the whole picture? It feels like an unrelagated market, waiting to be regulated

Acrobatic_Road 6y ago
they can pass a law banning bitcoin; they can also ban the tides from coming in.

maceurt 6y ago

> A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc. Precious Gold/ Silver is way more adverse to risk than crypto and actually exists as a physical good. > My homes value can be wrecked by a variety of government or central bank policies. Crypto can be affected by those things also. I see the utility in certain aspects, but I don't understand the gold rush when there a lot better decentralized currencies.

nemo44x 6y ago
Gold can be confiscated and actually has been in the past. Also, it's easy to lose. I personally feel gold has less value than a globally distributed proof of work and value store. Saying that, at what point did I say you should buy gold instead? By all means, hold both BTC and precious metals as a part of a well diversified portfolio. Maybe there are better decentralized currencies (that's a matter of opinion) but there were better operating systems than Windows. It's about mindshare. Honestly, just look at BTC's performance over the last 10 years. It has been the #1 asset class by far.
- maceurt 6y ago
  BTC can be confiscated too, you don't think Government can take hard drives or get access to cloud data storage.
hanniabu 6y ago
Gold is not portable. Bitcoin has portability. You can store billions of dollars on a piece of paper in your pocket.