2 ms·
If the ability for normal people of every background and income to build wealth and savings wasn't being eroded at every step, maybe we wouldn't need it. Your s
by whywhywhywhy 6y ago
If the ability for normal people of every background and income to build wealth and savings wasn't being eroded at every step, maybe we wouldn't need it. Your savings are eroded by inflation, even if you own a property you're usually just renting the land it's on long term and taxed more for even having the audacity to buy property to begin with. The more you pick away at the fabric the more everything feels like a scam stacked against you.
You've built a world where Bitcoin despite not being "real" is the only real store of value, there will only ever be 21 million...
- rjmunro 6y agoWhy is buying companies and property (or small parts of them, i.e. stocks) not a "real store of value"?
- whywhywhywhy 6y agoIf it's a leasehold, you don't really own anything, you're basically just renting with more security. Even freeholds sometimes you don't really own the land, just again renting it extremely long term. 1 bitcoin will always be worth 1 bitcoin and there will only ever be 21 million of them.
- rjmunro 5y agoYeah, don't buy leasehold. 1km² of land will always be worth 1km² of land and there will only ever be 500 million km² of them. But you can use the land.
- mathw 6y agoWhat value? Bitcoin goes up and down like a drunken rollercoaster and it's based on "look my computer did some maths that accomplishes nothing!" as its representation of worth. It's got no more value than conventional currencies no longer backed by the gold standard (did that ever mean anything either?) Never forget that money is largely illusory, solely a social construct, and while that's a powerful thing there is nothing here that makes Bitcoin or any other cryptocurrency any more worthy than the US dollar or the Euro.