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Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by dghlsakjg on Saturday April 17, 2021 @09:24AM (#26844069)
You cite real estate and stocks:

You can buy real estate and generate returns by renting it out. A smart real estate investment can generate money for y you regardless if its market value.

Stocks are the same: they represent a real piece of a company. If the company doesn’t issue dividends, the value is retained in the price of the stock. Warren Buffet almost never sells stock, his whole strategy is to hold forever.

Stocks and real estate are zero sum in the short term. In the long term, they are not

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by neop1x on Monday April 19, 2021 @03:17PM (#26866839)
>> A smart real estate investment can generate money for y you regardless if its market value.

Unless it loses 50%+ of value suddenly. Then it may take you 10+ years to return back to profit.

>> If the company doesn’t issue dividends, the value is retained in the price of the stock.

Unless your company go bankrupt. You may lose the whole investment.

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by dghlsakjg on Wednesday April 21, 2021 @12:16PM (#26891618)
>> Unless it loses 50%+ of value suddenly. Then it may take you 10+ years to return back to profit.

You didn't understand what I said. It doesn't matter about short term fluctuations of market value. If you are pulling in rent (or not paying rent because you are using the house) then it doesn't matter what the market price is right this minute. Flipping assets in a hot market is a zero sum game, and is more akin to gambling than capitalism. Traditionally capital generates profit by producing real value, in this case by providing shelter to you, or to someone paying you. Ownership of a company is the same thing (that's what a stock is). It produces value or provides a service.

This is a thread about bitcoin. Which is a virtual (read intangible), currency whose value is determined entirely by other people's belief that it is worth something. It can't be used for anything except as an incredibly unstable store of value. It can't provide shelter, people won't give you real value to temporarily hold it. Bitcoin as an algorithm is unkillable. As an investment it is, very, very fragile.