Re:Temporary pause of Bitcoin withdrawals on Binance
by lolc on Thursday June 16, 2022 @09:57AM
(#31766102)
Well fine. But now you're contradicting what you said two comments up:
> instead of hoarding food and fuel, you can hoard money and buy the things you need in the future.
Again, how do you know people won't just start trading with other chips? That will devalue the hoarded chips.
The argument started with paper thalers being a poor store of value. Casino chips were pitched as an alternative. And now here we are. Turns out the chips too are a poor store of value. Both can be true at the same time.
> instead of hoarding food and fuel, you can hoard money and buy the things you need in the future.
Again, how do you know people won't just start trading with other chips? That will devalue the hoarded chips.
The argument started with paper thalers being a poor store of value. Casino chips were pitched as an alternative. And now here we are. Turns out the chips too are a poor store of value. Both can be true at the same time.