Re:When Bitcoin miners take over a town (2018)
by heterodoxxed on Sunday February 21, 2021 @03:51PM
(#26217059)
Remind me again, are we talking about an asset or a currency?
Re:When Bitcoin miners take over a town (2018)
by Closi on Sunday February 21, 2021 @04:10PM
(#26217224)
It depends what your argument is.
If you are arguing that bitcoin is a bad currency because of high transfer fees, very few merchants accept it and that very few people are actually buying things with it in any meaningful way, then that's wrong because it's an asset.
If you are arguing that as an asset it is purely speculative and has no fundamentals and zero return other than appreciation, then that's wrong because it's a store of value.
If you are arguing that as a store of value it's actually highly volatile and has experienced multiple serious crashes, then that's wrong because it's actually a currency.
This is the primary tactic Bitcoin seems to use to deploy to combat any criticism - if someone critiques its ability to do one thing you claim it's something else..
Re:When Bitcoin miners take over a town (2018)
by p_l on Sunday February 21, 2021 @04:25PM
(#26217370)
Depends on which problem of bitcoin they are currently defending.
Re:When Bitcoin miners take over a town (2018)
by spinny on Sunday February 21, 2021 @05:22PM
(#26217878)
it is both and neither, it has properties of both, it also lack lack some properties of both
Re:When Bitcoin miners take over a town (2018)
by nightski on Sunday February 21, 2021 @05:06PM
(#26217727)
Do you not view the USD (or other currency) you hold as an asset?
Re:When Bitcoin miners take over a town (2018)
by selectodude on Sunday February 21, 2021 @07:03PM
(#26218703)
Currency isn’t an asset. It never has been and it’s not intended to be.
It's kind of like saying you don't want to buy an index fund because there are some really volatile stocks in there!