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You call it speculation and that’s convenient for your argument. Bitcoin as a store of value is not speculative. It has objective qualities that make it valuabl
by mw888 5y ago
You call it speculation and that’s convenient for your argument. Bitcoin as a store of value is not speculative. It has objective qualities that make it valuable and you dismissing those as speculation lets you be ignorant to the comparable short term success of Bitcoin.
- ajross 5y agoFWIW: a thing that has value only on a balance sheet is pretty much the definition of "speculation". I was saying that crypto and web3 hadn't produced any new kinds of economic activity beyond buying more crypto. The only reason to get involved in crypto now is to own crypto, just like it was a decade ago.