3 ms·
No self importance. You called it a bubble, but the subject is simply so broad and deep that I won't be able to convince you otherwise in the comments section o
by npoc 3y ago
No self importance. You called it a bubble, but the subject is simply so broad and deep that I won't be able to convince you otherwise in the comments section of a forum. For most people it involves turning their world view on its head. If you're truly interested in understanding, listen to the full "What is money: Saylor series" by Robert Breedlove, which is a good introduction.
https://www.youtube.com/playlist?list=PL2jAZ0x9H0bQFY6wIbQfnrnIlqMcSHd6X https://www.youtube.com/playlist?list=PL2jAZ0x9H0bQFY6wIbQfn...
- PoignardAzur 3y agoFine, remove the "bubble" part. The idea that bitcoin is fine if you can afford to not touch your savings for a few years is incompatible with the idea it's a viable alternative to national currencies in unstable countries.
- npoc 3y agoI was countering the idea that just because it's value fluctuates in the short/medium-term (natural for anything growing in value) doesn't prevent it from being an escape hatch from the continuous devaluation of fiat across the world. It absolutely is, _providing_ you are willing to store your wealth for at least 4 years (i.e. across a full halving cycle). I said nothing about it being a viable currency.