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This might be me being hyper-pedantic, but I'd argue that not even USD is a particularly good store of value. If you have a significant amount of money it shoul
by smtddr 13y ago
This might be me being hyper-pedantic, but I'd argue that not even USD is a particularly good store of value. If you have a significant amount of money it should probably be in at least low-risk stocks or re-estate. Not just sitting in a regular savings account in a regular bank.
But, I do get the point that at least the USD dollar doesn't lose/gain 50% value in a few hours by wild speculation every month.
- atmosx 13y agoI wasn't thinking of USD, I was thinking more about something used for a couple of millenia as a value storage, but yes sure... Compared to today's BTC even the USD seems okay.
- seabee 13y agoUSD fluctuates a lot less than silver/gold, in case you are implying the opposite.
- atmosx 13y agoDid the USD exist in 4th century BC[1]? Oh, sorry. I missed that one in the history course. [1] http://en.wikipedia.org/wiki/Gold#Cultural_history http://en.wikipedia.org/wiki/Gold#Cultural_history
- XorNot 13y agoPeople do not live for millennia. Like, you do realize that no one in the history of mankind has a use for something which "stores value" for millennia right? And that timescale is so ridiculously huge that gold, silver and everything else does inflate away. We might be a type II Kardashev civilization in 1000 years. The volume of gold available will be absurdly large by then either way.
- atmosx 13y agoI wrote 2 paragraphs but I erased them, I'm sure you understood what my exact point was, but since your comment is not constructive at all, making stupid assumptions, comparing possible Kardashev civilizations with history, I will just post a link[1]. If you care follow it, if not, I don't have anything more to add. [1] http://en.wikipedia.org/wiki/Gold#Cultural_history http://en.wikipedia.org/wiki/Gold#Cultural_history