I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches'

Funny how all of those things are not supply constrained, so they seem to be at a disadvantage from the start. But we'll see.

>I guess remind me in 10 years and we'll see how returns on crypto compares to 'stocks, hard currency, gold, silver, luxury watches'

You're literally supporting the argument of the person you're replying to without even realizing it.

Disproportionately high returns indicates a highly volatile asset, and it's just as likely to go the other way, resulting in staggering losses.

These are not markers of a good, long-term storage asset class.

I didn’t mention “possibility of high returns” as a metric. I said “low volatility”.

I think you misunderstand a store of value. Extremely volatility is not a positive characteristic.

Would you want to be paid in a currency that regularly changes value 5-10% day to day?

There are decentralized cryptocurrencies that have achieved low volatility, such as DAI. I don't think it's ever gotten more than a couple percent from its $1 target price since being created. (I assume it almost never gets talked about because there's no profit from investing in it and hyping it to others.)

DAI is tied directly to the dollar. In what way is it better than a simple bank account for storing value?

The idea behind gold, silver, property, etc as value stores is that they remain valuable regardless of what the currency does. If your value store is the currency itself you might as well just hold the currency.

You get the other benefits of cryptocurrencies: direct control and the ability to store or send it online with no middlemen or custodial risk.