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> It's created an obsession of quick wealth among a lot of otherwise normal people It's showing a demand for an asset that isn't linked to the central planning
by xxxxxxx12 5y ago
> It's created an obsession of quick wealth among a lot of otherwise normal people
It's showing a demand for an asset that isn't linked to the central planning of government where they continually and arbitrarily inject as much extra currency as they want whenever they catastrophically mess up sovereign budgets.
That's not greed. It's an interest in safety from a drug-addict-like government that opens the floodgates on a whim.
- knorker 5y agoNo, that's not what it is. That's not why people buy BTC. They buy it because it's going up.
- gher-shyu3i 5y agoThey'll buy it if it doesn't go up either (and doesn't go down obviously). Hedging against inflation is a huge benefit.
- DataGata 5y agoIf it were a hedge against inflation, it would behave like a hedge against inflation, and yet it shows no similar characteristics to preexisting inflation hedges? hmmmmm
- xxxxxxx12 5y ago> yet it shows no similar characteristics to preexisting inflation hedges Is that because, so far, if you were to measure since its inception, it's outperformed any other hedge against inflation?
- xxxxxxx12 5y agoThe ceiling of BTC is infinite cause USD is always falling (due to the simple dynamics of virtually every fiat system) towards a floor of 0.
- knorker 5y agoOk coiner.