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How is that easier? The whole point of crypto is that it's easier to trade on than the traditional assets.
by mgaunard 3y ago
How is that easier?
The whole point of crypto is that it's easier to trade on than the traditional assets.
- puzzlingcaptcha 3y agoFor individuals yes, but not for institutions. And these will treat Bitcoin ETFs as any other speculative asset and enjoy its liquidity.
- mgaunard 3y agoInstitutions don't execute themselves and go through the sell-side regardless.
- sph 3y agoNot really though. The point of Bitcoin is not about being easier, is about being a monetary system which is not in control of any single entity or government.
- qwebfdzsh 3y ago> monetary system Bitcoin is not even close to being that nor it ever could. It's entirely a speculative assets not an actual currency (I couldn't think of a token/system less suitable to be used as actual money even if I tried very hard).
- sph 3y agoUgh. I initially wrote currency, but knew I'd get a pedant to disagree with that definition, which I did get anyway. You're arguing its legislative and societal role, I'm calling it for what it is: a thing whose primary role is to store and exchange abstract, agreed upon value. Just tell me what to call that.
- RandomLensman 3y agoMaybe it could be called a non-productive asset in the broader sense?
- Hamuko 3y ago>Just tell me what to call that. Just roll with Satoshi and call it "electronic cash".
- qwebfdzsh 3y ago> a thing whose primary role is to store and exchange abstract, agreed upon value. To be fair that's a hard one. Token? Speculative asset? I mean it's closer in most ways to stuff like gold coins or diamonds than real money. > role is to store and exchange abstract, agreed upon value Yet most people only buy it and/or hold it entirely for speculation/"investment" reasons.
- kiitos 3y agoBitcoin is almost never used as a currency in the sense that you're describing. It is almost always used as a vehicle for (unregulated) speculation.
- rojcyk 3y ago[dead]