Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by nuerow on Monday October 18, 2021 @02:25AM
(#28902778)
> For a possible answer, please read my other post in this thread.
You've posted an awful lot of messages, but the only one remotely related to crypto's intrinsic value was the following post which makes no relevant point at all.
In it, your main thesis is that you allege that crypto offers a way to "completely shield value", which is outright and patently false.
Even so, trying to portray crypto in general and BTC in particular as serving as a store of value is an absurd notion from the start, as it's renowned for being highly volatile and so prone to crashes that halve it's value that crypto's hardline proponents already invented the concept of periodic corrections.
You've posted an awful lot of messages, but the only one remotely related to crypto's intrinsic value was the following post which makes no relevant point at all.
https://news.ycombinator.com/item?id=28902307
In it, your main thesis is that you allege that crypto offers a way to "completely shield value", which is outright and patently false.
Even so, trying to portray crypto in general and BTC in particular as serving as a store of value is an absurd notion from the start, as it's renowned for being highly volatile and so prone to crashes that halve it's value that crypto's hardline proponents already invented the concept of periodic corrections.