Re:On anti-crypto toxicity
by JumpCrisscross on Wednesday April 20, 2022 @11:40AM
(#31098544)
> Is the money in your bank account a real store of value?
Cash encompasses physical notes, bank deposits and Treasuries. On one end, we have a form optimized for transacting. On the other, for transporting value over time [1].
Bitcoin is less efficient than Visa or Mastercard. It's more volatile than a Treasury.
Cash encompasses physical notes, bank deposits and Treasuries. On one end, we have a form optimized for transacting. On the other, for transporting value over time [1].
Bitcoin is less efficient than Visa or Mastercard. It's more volatile than a Treasury.
[1] https://fred.stlouisfed.org/series/DLTIIT