4 ms·
Evidence suggests it's the exact opposite. The only thing crypto has really been good for is a store of value. Sure, it's a volatile commodity, but over any 5 y
by glitchc 2y ago
Evidence suggests it's the exact opposite. The only thing crypto has really been good for is a store of value. Sure, it's a volatile commodity, but over any 5 year average window, Bitcoin definitely beats inflation. That makes it a safe store of value.
- jdlshore 2y agoHuh. While I agree that Bitcoin specifically has been a successful speculative investment in the past, "a safe store of value" is a massive stretch. It's a safe store of value in the same way a S&P 500 index fund is, except more volatile. What's that phrase... "Past performance is not indicative of future gains?"
- LightHugger 2y agoWhat evidence? People use it to bypass the payment processor cartels all the time.
- what 2y agoDefine all the time. I haven’t seen a shop that accepts crypto. There’s nothing I could buy with it.