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When we raise concerns about crypto’s riskyness, people like you show up and say “investment involves risk” and frame crypto as a speculative investment. Then w
by Uehreka 5y ago
When we raise concerns about crypto’s riskyness, people like you show up and say “investment involves risk” and frame crypto as a speculative investment. Then when you’re gone someone else will show up hyping Bitcoin/Ethereum as a currency that will change the world, which implies that it is or will be stable enough to use to pay for goods and services (as opposed to being a vehicle for speculation).
Our frustration stems from our inability to get both of you in the same room to duke it out once and for all.
- cinntaile 5y ago> Our frustration stems from our inability to get both of you in the same room to duke it out once and for all. If only the world were such a simple place where there is only one right and one wrong answer.
- Uehreka 5y agoIf folks are making the argument that risky speculative investments can be used as currency for day-to-day purchases, that’s an argument I’d hear out, but I feel like it would be a difficult argument to make. And for the record, the argument I’m perceiving from you (“crypto is a speculative investment, invest carefully, enjoy it if you win”) is the closest to reality of all of these arguments IMO. But I do also believe that highly speculative things like this make for bad day-to-day currencies, and have not yet been convinced otherwise.