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But… but… I thought Bitcoin was a commodity with inelastic supply and so would act more like gold when both interest rates and inflation rose? Gold is still go

• Paul-Craft 3y ago
  You've left out the fact that one is a physical commodity with intrinsic value, and the other is the right to say you have the solution of a useless math problem.
  • MathMonkeyMan 3y ago
    I think the parent comment was a joke along the lines of "bitcoin is for speculation and everybody knows it."
  • rcxdude 3y ago
    Indeed, the point is that bitcoin's supposed purpose has pivoted from being an actually useful means of exchange to a 'store of value' akin to gold. Which doesn't really work as neatly as the original idea (which hasn't worked, not helped by bitcoin effectively ossifying into a version which technologically can't achieve the original vision).
  • grzeshru 3y ago
    [flagged]
• pestatije 3y ago
  you cannot pump indefinitely, at some point you have to dump
  • pulse7 3y ago
    when the bubble bursts, there may be (world) war
    • ttfkam 3y ago
      Someone vastly overestimates the scope and reach of crypto in the grand scheme of things. No one's declaring war in the name of Bitcoin. Go touch some grass.
• beeeeerp 3y ago
  It’s also in the middle of a massive hype cycle right now probably partially due to a “halving” event coming up soon. The swings have been wild lately.