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Opinion | Don’t Get Fooled Again by Crypto (www.nytimes.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] freedomsailor 3 points 3 months ago (3 children)

What asset would you consider a good value reserve?

[–] [email protected] 23 points 3 months ago (3 children)

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

[–] freedomsailor 3 points 3 months ago (1 children)

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?

[–] [email protected] 9 points 3 months ago

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.

[–] onlinepersona 2 points 3 months ago

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

[–] [email protected] 1 points 3 months ago

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.

[–] [email protected] 3 points 3 months ago* (last edited 3 months ago)

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

VT for long term
Money Market Funds for short term

[–] [email protected] 1 points 3 months ago* (last edited 3 months ago) (1 children)

Ammo. It keeps appreciating, too. /s

[–] [email protected] 2 points 3 months ago (1 children)

It also comes first in the alphabet.

[–] [email protected] 1 points 3 months ago

"B is for bourbon!"