Re:Cambridge Bitcoin Electricity Consumption Index
by artificialLimbs on Wednesday February 10, 2021 @10:03AM
(#26090047)
> ... I struggle to think of what could be a good store of value.
Land.
Re:Cambridge Bitcoin Electricity Consumption Index
by mateuszf on Wednesday February 10, 2021 @05:08PM
(#26095455)
Land is hard to liquidate when needed, unless it's in a popular place.
Re:Cambridge Bitcoin Electricity Consumption Index
by FlownScepter on Wednesday February 10, 2021 @11:02AM
(#26090937)
the 2008 mortgage crisis has entered the chat
But yeah, fair point. It's pretty much the only 99% safe asset.
Re:Cambridge Bitcoin Electricity Consumption Index
by machinebun on Wednesday February 10, 2021 @05:49PM
(#26095897)
Tell that to landowners in 1917 Russia :)
Re:Cambridge Bitcoin Electricity Consumption Index
by jazzyjackson on Wednesday February 10, 2021 @08:20PM
(#26097095)
If facebook is having a hard time censoring anti-vaxxers, imagine when the term "land reform" starts making the rounds.
Re:Cambridge Bitcoin Electricity Consumption Index
by FlownScepter on Thursday February 11, 2021 @09:33AM
(#26101830)
I said 99%. :P
Maybe we should all just acknowledge that money is made up and any security it provides depends on tons of interconnected systems made up of people largely unaccountable to the layman.
Edit: I think the mistake people make is trying to create stability on unstable ground.