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I want a stable currency that is easy and cheap to transact. All that other stuff is just idealism.

• inter_netuser 5y ago
  Do you have any investments in bonds?
  • scottcodie 5y ago
    Yes
    • rfd4sgmk8u 5y ago
      This is not financial advice, but get out of bonds. They are bleeding value. The coupon is not even meeting inflation. Its a bad asset. I feel very sorry for folks that are relying on this for income, retirees, etc. The next thing you read about will be the $100T in the bond market trying to find exits to something that has any kind of return to outpace inflation. Maybe that will be Bitcoin, an asset that has grown >100% per year for the last 10 years.
      • scottcodie 5y ago
        Over the past 3 years, my corporate bonds have outpaced inflation and only saw a 5% drop in price when the stock market crashed. Pretty good if you ask me. Society isn't going to abandon the idea of loaning people money to speculate in bitcoin any time soon. There is just no economic intuition to believe that bitcoin will continue to increase other than speculation.