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> I think the main value of Bitcoin in the long run will be as a store of value, comparable to precious metals but easier to move around. I disagree with this.
by jmcphers 3y ago
> I think the main value of Bitcoin in the long run will be as a store of value, comparable to precious metals but easier to move around.
I disagree with this. Bitcoin makes a terrible store of value because of the constant energy cost to prop up the network. This energy is paid for by diluting Bitcoin's value.
Source: https://cryptostackers.substack.com/p/bitcoin-is-not-a-store-of-value https://cryptostackers.substack.com/p/bitcoin-is-not-a-store...