2 ms·
> A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc. Precious Gold
by 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 agoGold 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 agoBTC can be confiscated too, you don't think Government can take hard drives or get access to cloud data storage.
- hanniabu 6y agoGold is not portable. Bitcoin has portability. You can store billions of dollars on a piece of paper in your pocket.