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Again you're mixing up short term cash and long term store of value. Cash you want stability, fast and low cost transactions - you pay for all those benefits w
by bottlepalm 3y ago
Again you're mixing up short term cash and long term store of value.
Cash you want stability, fast and low cost transactions - you pay for all those benefits with inflation.
A good long term store of value you will sacrifice a little of all those things for better inflation resistance.
Gold and index funds are also good for long term value storage, but index funds you can't really use as a medium for exchange, and gold is physical so not great for easy and quick transactions.
- wpietri 3y agoYou have ignored the central part of this: volatility. Bitcoin is not a good store of value. I don't have time for people who argue so misleadingly, so I'm done here.
- bottlepalm 3y agoCool, well the price of Bitcoin disagrees with you. Maybe you should think why after 10 years of the same tired arguments, Bitcoin is still going strong. How many years of success will it take for you to change your mind? Serious question.
- wpietri 3y agoAgain, it's not a success. And it's hilarious that a cryptowhatever advocate is trying to complain about tired arguments.