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The great thing about Bitcoin is that it’s whatever the holder wants it to be, and nothing they don’t want it to be, while at the same time being the opposite o

The great thing about Bitcoin is that it’s whatever the holder wants it to be, and nothing they don’t want it to be, while at the same time being the opposite of that to someone else, depending on what argument their trying to make and whether or not they’ve personally lost money. Anytime someone speaks crypto to me now I feel like Adam Sandler floating past Clint Howard’s window in Little Nicky: I don’t want to be part of this, they don’t want me to be part of this, and all I can do is wish them luck while they tell me they don’t need it.

notch656a 4y ago
I personally lost a couple dollars on litecoin but saved 10s of dollars in transaction fees by not using a credit card. So the fact I lost money, technically, doesn't mean I didn't come out ahead versus the alternatives.
- highwaylights 4y ago
  I had to work out in my head there how many transactions you’d need to make to have saved 10s of dollars on credit card fees, and then whether or not that was worth the hassle, let alone the loss of purchase protection. It was not.
thrwy_918 4y ago
> The great thing about Bitcoin is that it’s whatever the holder wants it to be, and nothing they don’t want it to be If someone bought Bitcoin a year ago and wanted it to be a store of value, it is certainly not "whatever the holder wants it to be" for that person
- jpadkins 4y ago
  If someone bought US Dollars($) a year ago and wanted it to be a store of value, it is certainly not "whatever the holder wants it to be" for that person. A lot of currencies are not a good store of value the last 18 months.
  - vkou 4y ago
    Strange, US dollars seem to be as good at making both my mortgage payment, and paying my taxes this year as they were last. They also seem to be a lot better at buying Bitcoin and Euros and S&P500, but a bit worse at buying lettuce. No currency seems to be better at buying lettuce this year, though, perhaps the problem here is that there is a shortage of goods and labour...
    - deleted 4y ago
      [deleted]

notch656a 4y ago

I personally lost a couple dollars on litecoin but saved 10s of dollars in transaction fees by not using a credit card. So the fact I lost money, technically, doesn't mean I didn't come out ahead versus the alternatives.

highwaylights 4y ago
I had to work out in my head there how many transactions you’d need to make to have saved 10s of dollars on credit card fees, and then whether or not that was worth the hassle, let alone the loss of purchase protection. It was not.

thrwy_918 4y ago

> The great thing about Bitcoin is that it’s whatever the holder wants it to be, and nothing they don’t want it to be If someone bought Bitcoin a year ago and wanted it to be a store of value, it is certainly not "whatever the holder wants it to be" for that person

jpadkins 4y ago
If someone bought US Dollars($) a year ago and wanted it to be a store of value, it is certainly not "whatever the holder wants it to be" for that person. A lot of currencies are not a good store of value the last 18 months.
- vkou 4y ago
  Strange, US dollars seem to be as good at making both my mortgage payment, and paying my taxes this year as they were last. They also seem to be a lot better at buying Bitcoin and Euros and S&P500, but a bit worse at buying lettuce. No currency seems to be better at buying lettuce this year, though, perhaps the problem here is that there is a shortage of goods and labour...
  - deleted 4y ago
    [deleted]