Post
Topic
Board Bitcoin Discussion
Re: Trump will compete directly with Bitcoin
by
BlackHatCoiner
on 13/11/2024, 17:36:15 UTC
Wow. Okay. I guess if you believe that, then... you'll believe... all kinds of things. Smiley
Nope, just the ones that follow critical thinking.

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So if the value of an investment goes down, you consider that "robbery"?
No, that's exactly what I'm trying to tell you. When you invest, you acknowledge there is risk of losing money. That's fine. The problem is that under the current system you have to invest, or your savings gradually disappear. People want to save money for their future, but they're forced to put them into risky instruments, or they won't have savings anymore. That's criminal, because it forces you to become an investor.

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No, they really aren't any different. All forms of saving/investing/speculating, regardless of the instrument, involves risk.
Look. Everything in this life involves risk. Even walking down the street involves some risk. But, since the inception of civilization, humans develop instruments to store value. This is pretty much the cornerstone of civilization; the ability to store value for the future, because present is pretty certain. Lowering humans' time preference is the basis of civilization, because it enables forward thinking and progress.

Sure, even stores of value involve risk, but what distinguishes them is that they are the least risky. For example, in the past hundred years, gold has been pretty good store of value. There was nothing as least risky as gold in the past centuries, and this is why people were saving in gold. There's also not counterparty risk with gold. That's when the property is highly influenced by an entity. For example, stocks are 100% influenced by the course of their companies. This is why a store of value needs to be "dumb matter" (with good money properties, of course).

But today, things have changed, and stores of value such as gold are no longer effective, for a variety of reasons. Thus, people are forced to "play the investors" and start risking their money on things that have tangible risk, like investing in Nvidia. The alternative is a slow bleeding of wealth by the money masters. That's the scam.