3 ms·
Video rendering is enormously wasteful. Nobody needs to see your TikTok video of you getting a grandma to slip on a banana peel. The list goes on. Having a g
by trident5000 6y ago
Video rendering is enormously wasteful. Nobody needs to see your TikTok video of you getting a grandma to slip on a banana peel. The list goes on. Having a global store of value where central banks cant print away peoples lifelong labor they sacrificed their time and health for sounds legitimate to me.
- leereeves 6y agoBitcoin is far too volatile to be a good store of value. There are much more stable ways to protect savings against inflation.
- ThomPete 6y agoAnd yet bitcoin have delivered just that since it's inception.
- trident5000 6y agoAll that matters for a store of value is the long term moving average
- leereeves 6y agoIf you want to exchange your store of value for something in the future, it matters very much what its value is at the exact time you want to trade it. Unless you mean that the volatility doesn't matter if the asset appreciates so much that the volatility becomes irrelevant, but that's not a property of a store of value, that's a property of a speculative gamble.
- trident5000 6y agoNetwork effects are well studied. If you cant deduce an action based on that and where btc is, than you can just sit it out. A very high number of the most successful people in the world are not and recognize the directionality. You can call that a gamble if you want.