Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work
by saalweachter on Friday February 12, 2016 @04:31PM
(#11090792)
Regarding 'B', it doesn't help Bitcoin's case to keep comparing it to the stock market. If it's a currency, you can't fob off swings so glibly; if it is an investment, what is it an investment in?
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Re:The Schism Over Bitcoin Is How Bitcoin Is Supposed to Work
by elif on Friday February 12, 2016 @06:03PM
(#11091337)
I think a label like "currency" attempts to oversimply bitcoin. There is obviously a bigger speculative component to it than most currencies. "Investment" may not be an appropriate term either.
However, I find value in bitcoin because it is relatively independent of inflation and market cycles. Notably, it seems to have an inverse relationship with oppressive currency controls (e.g. greece, venezuela). I suppose, in that way, you could consider it an investment in personal sovereignty.