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No matter which asset you use to store value, the bet is that there will be demand for this asset in the future. That is pretty much the definition of value. H
by JonathanBeuys 4y ago
No matter which asset you use to store value, the bet is that there will be demand for this asset in the future. That is pretty much the definition of value.
How to avoid counterparty risk is a topic for every asset. For self-custodial crypto, it is about how to handle private keys.
Asset picking which you bring up is a different topic.
But hey, we can go there if you like.
You make a bold claim: That in crypto, demand risk is higher than counterparty risk. Can you back that up somehow? Historically, nobody who held crypto for more than a few years faced lower demand. But many faced loss of their crypto due to counterparty risk.
And which asset class do you see as less risky?
- grey-area 4y agoThe demand for crypto was zero 15 years ago. It has since proven spectacularly unsuitable for storing value, transactions or really any purpose at all because of fundamental design flaws and misconceptions. Re ‘historically…nobody faced lower demand’ see the 2017 crash and the 2022 crash. The bold claim is that it has any value at all.