News for hackers. Stuff that matters.

A comment on Bitcoin is a disaster. Parent comment

Re:Bitcoin is a disaster by sunshinerag on Thursday December 31, 2020 @06:27PM (#25598463)
oh yes it does, it has crashed more than 2000% vs Bitcoin in a decade.
[ Parent | on HN ]
Re:Bitcoin is a disaster by bluedevil2k on Thursday December 31, 2020 @06:41PM (#25598631)
That’s completely wrong. You would never say “the US dollar has crashed compared to Microsoft stock“. That’s a dumb comparison to compare a currency to an investment. The dollar has been mostly stable the past 10 years. A gallon of milk is still around $3.50
[ Parent | on HN ]
Re:Bitcoin is a disaster by sunshinerag on Friday January 01, 2021 @11:56AM (#25604565)
why are you comparing a currency (bitcoin) to a stock.

USD vs Bitcoin is a comparison of currency.

[ Parent | on HN ]
Re:Bitcoin is a disaster by nwienert on Friday January 01, 2021 @07:34PM (#25608934)
Bitcoin is a security closer to gold than anything. Limited supply and high cost of production.
[ Parent | on HN ]
Re:Bitcoin is a disaster by wongarsu on Thursday December 31, 2020 @06:43PM (#25598660)
The dollar also lost a lot of value when compared to the stock market, or compared to land prices, or to gold.
[ Parent | on HN ]