2 ms·
This doesn't seem to make sense to me - BTC as an investment implies that there is some external value to BTCs beyond merely an investment vehicle (see: houses,
by potatolicious 14y ago
This doesn't seem to make sense to me - BTC as an investment implies that there is some external value to BTCs beyond merely an investment vehicle (see: houses, which are useful for living in, power companies that produce electricity, etc).
If BTCs are not useful as an actual currency, then isn't it purely an investment vehicle that isn't backed up by any sort of real value, present or future?
- cookingrobot 14y agoInvestments just require an expectation that they will rise in cost. Think baseball cards - they don't "do" anything or really have any value, but there's a pattern that rare commodities rise in cost over time. Bitcoin was engineered to stay a relatively rare commodity. Stocks are the same. The value of a stock is really only it's dividend, and many stocks don't (or can't) pay much. The cost has little to do with the value.