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Re: Crypto currency is flunking the test of being a store of value

By: clo2 in ALEA | Recommend this post (0)
Wed, 15 Jun 22 2:37 PM | 13 view(s)
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Msg. 46103 of 54959
(This msg. is a reply to 46102 by Cactus Flower)

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Bitcoin
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I can't imagine riding this roller coaster.


Do something positive.




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The above is a reply to the following message:
Crypto currency is flunking the test of being a store of value
By: Cactus Flower
in ALEA
Wed, 15 Jun 22 11:07 AM
Msg. 46102 of 54959

It's failing the way many economists said it would. Without the backing of a government, it lacks any kind of guarantee that its value will survive panics.

I'd rather have the full faith and credit of a government instead of an algorithm.


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