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I would expect "sound money" to have a fairly stable, predictable value in terms of real-world goods and services for which it can be exchanged. I haven't obser

by jfk13 6y ago

I would expect "sound money" to have a fairly stable, predictable value in terms of real-world goods and services for which it can be exchanged. I haven't observed that to be the case for Bitcoin. Being "at the whims of politicians and fed officials" seems in practice to provide much better stability than being at the whims of a horde of reddit "investors" (or a cabal of Chinese miners).

bigbob2 6y ago
> Being "at the whims of politicians and fed officials" seems in practice to provide much better stability than being at the whims of a horde of reddit "investors" (or a cabal of Chinese miners). Not to mention almost everyone I know who "invests" in crypto does so "at the whims of politicians and fed officials." SEC rulings and the likes.