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Yeah, 401ks and CDs are stores of value and not spending mechanisms, so it was a bad comparison to begin with. But physical paper cash, backed by an organizati
by kube-system 3y ago
Yeah, 401ks and CDs are stores of value and not spending mechanisms, so it was a bad comparison to begin with. But physical paper cash, backed by an organization with many nukes and the means to use them, is probably the best thing to hold during war. Besides useful commodities.
- cableshaft 3y agoYou can buy and hold bitcoin and eventually cash it out just as you can a 401k or a CD. Now that there are bitcoin ETFs many people and organizations are treating bitcoin as if it's a store of value (whether that's wise or not is arguable, but that doesn't stop people from seeing it as such). But if there's no internet, there's no way you can eventually cash it out.