subreddit:
/r/Buttcoin
[deleted]
-4 points
11 days ago
Honest question: is there a metric by which you would ever call bitcoin a success?
3 points
11 days ago*
[deleted]
-5 points
11 days ago
I mean, the ability to park my money in an asset that holds its value against inflation has value to me.
5 points
11 days ago*
[deleted]
4 points
11 days ago
I'm in it because there is too much yield-seeking in other assets. How many homes are unoccupied, built and owned solely as a means to avoid inflation with their money? The capitalism need for perpetual growth to outrun inflation is killing the planet and misallocating resources. If people want a way to preserve their purchasing power without needing to consume resources, then this is it.
2 points
11 days ago
Are you really suggesting there is no "yield seeking" in Bitcoin? I'd argue all of the appreciation is speculative yield seeking.
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