Quote from: mindrust on September 14, 2021, 12:50:18 AM

Quote from: Antithesis on September 13, 2021, 05:26:44 PM

https://youtu.be/52DuIE1-tJY

The linked video explains the difference between traditional financial instruments and bitcoin. Traditional are redeemable, while bitcoin is not. Which makes bitcoin equivalent to a losing lottery ticket. Or, similar to a stock of a bankrupt company, a currency of a former county or a casino token of a bankrupt casino.

Hundreds of thousands of people that won the bitcoin lottery disagree with you. I agree that bitcoin is a lottery ticket but I am not sure if it is the losing lottery ticket, yet. It is simply because it is still going up. If one day btc becomes near worthless, then I would say you were right, but not now.

If you turned your 100 bucks into 200, that's a win no matter how you look at it. It doesn't matter if it was bitcoin, stocks or pet rocks that did it, it was a winning ticket.

Exactly. Even if you view Bitcoin as a ponzi scheme of some sort, or pure gambling - you're taking a damn good gamble because Bitcoin does not have a built in inflationary mechanism put in place. All the centralized banks control inflation rates, and target it at 2 percent.

Does Bitcoin guarantee you'll lose 2 percent of its value year over year? Nope. I'd rather take my chances with BTC over fiat.