Politicians’ newfound love of crypto probably has more to do with a cynical bid for young voter support and Silicon Valley cash than a maturing of a financially perilous set of assets.

What asset would you consider a good value reserve?

@t3rmit3@beehaw.org
link
fedilink
1
edit-2
1M

Ammo. It keeps appreciating, too. /s

@Kissaki@beehaw.org
link
fedilink
English
21M

It also comes first in the alphabet.

“B is for bourbon!”

@ericjmorey@beehaw.org
link
fedilink
English
3
edit-2
1M

Back when Bitcoin was released, nobody was giving a thought to computer energy use.

VT for long term
Money Market Funds for short term

kbal
link
fedilink
231M

A small plot of land with good soil and a steady supply of fresh water, a good education, and a sturdy pair of boots.

I don’t think you got it. So everything you get extra from this work would be used to multiply the same work? Also, you got me curious: why a small plot, not more?

kbal
link
fedilink
91M

If you can afford more than a small plot of land in this economy, you’ve probably been hoarding too much wealth. I know it’s a very popular hobby, but it’s quite bad for you if taken to excess. But this is getting somewhat off-topic.

Some kind of technology that resembles today’s cryptocurrencies may or may not have a future. As they exist right now none of them are anything like a good investment opportunity or a safe store of value.

Unless you can defend that plot of land against a few of the largest superpowers combined… that land is only yours as long as your country wants to defend your ownership of it.

Water is already not yours in most places, and supplies are not guaranteed to last. Education gets lost with age, amnesia, dementia, and death. A sturdy pair of boots rarely lasts as much as a single lifetime.

So, something the majority of people can never attain. Awesome.

Or are you going to hand me a plot of land that isn’t as big as a thimble? If so, sign me up. I want it.

Anti Commercial-AI license

Create a post

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:


This community’s icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

  • 1 user online
  • 144 users / day
  • 275 users / week
  • 709 users / month
  • 2.87K users / 6 months
  • 1 subscriber
  • 3.09K Posts
  • 64.9K Comments
  • Modlog