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> What exactly has been achieved? A new asset class (like Gold) which everyone wants to invest in because they think everyone else values it (just like Gold).
by RestlessMind 6y ago
> What exactly has been achieved?
A new asset class (like Gold) which everyone wants to invest in because they think everyone else values it (just like Gold). And with a few benefits over Gold like it can be transferred easily.
That this has sustained for 12 years is amazing and the longer it stays, the longer it will further stay.
- arcticbull 6y ago> A new asset class (like Gold) which everyone wants to invest in because they think everyone else values it (just like Gold). And with a few benefits over Gold like it can be transferred easily. haha, I've never had trouble buying and selling GLD instantly. Gold futures too! My broker charges a few pennies. On the other hand a BTC transaction uses 600kWh of power, yields 100g of e-waste, takes hours to confirm and $20 in fees. Yay! What a time to be alive. I'm sure glad we went through all this consternation. > That this has sustained for 12 years is amazing and the longer it stays, the longer it will further stay. Madoff lasted 17! :)