"If Crypto were a true "store of value", it should NOT compound greater than inflation. It should, in perfect lock-step, MATCH inflation. Why would it command a premium above inflation?"

AggiEE, read up on the topic before you opine. Seriously. This is just an ignorant statement.

p-townag said:

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This isn't true. Centralized institutions involve a human element for reclamation of security breaches and lockdown measures. De-centralized networks as far as BTC is concerned, do not. Quantum computing is only one risk that I mention, and it is greater in Crypto than anything else you mentioned.

Your human element debanks people and freezes your assets (see Canadian trucker protests). It politically raises and lowers interest rates to benefit who it wants to benefit. It debases the monetary supply through printing and inflation, which devalues and dilutes your hard work, literally stealing time from you. It seizes assets (see Venezuela). It restricts who can and cannot participate (try having access to a bank account in Saharan Africa). It blocks WikiLeaks from donations. It bans your ability to own assets that can't be controlled (see China trying to ban Bitcoin). I don't like this human element with regards to monetary value.

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If Crypto were a true "store of value", it should NOT compound greater than inflation. It should, in perfect lock-step, MATCH inflation. Why would it command a premium above inflation?

I feel like I already answered this. The M2 money supply has no limit. It will continue to expand forever as governments like the US continue to print money to fund themselves. Because Bitcoin is a fixed supply, it has to go up in value compared to the inflation rate. It is literally infinity over 21 million coins.

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The technology is NOTHING special for BTC, and is in fact inferior on multiple measures compared to countless other fictitious fiat cryptos. The only special thing about it is a first mover advantage, which is a non-technical factor.

Bitcoin created proof of work and the difficulty adjustment. Bitcoin was also the first to implement a practical decentralized blockchain. It was the first blockchain cryptocurrency. It was also the first major cryptocurrency to use SHA-256. To say Bitcoin's technology is nothing special is lunacy.

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Trusting everything in Decentralization is a complete fantasy. Things get hacked or stolen. There's disputes over gray areas of interpretations of laws. That's why there's courts and lawyers. Decentralization is great for fraudsters and criminals, but that's about it.

You should really consider reading about this. The base layer should be decentralized, immutable and final. Upper layers are where the gray areas and courts belong. Centralization is great for a company or even a country. But for universal money, decentralization is key. Trust math, not people.

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Monywolf said:

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"If Crypto were a true "store of value", it should NOT compound greater than inflation. It should, in perfect lock-step, MATCH inflation. Why would it command a premium above inflation?"

AggiEE, read up on the topic before you opine. Seriously. This is just an ignorant statement.

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I love how anyone that disagrees with the notion that Bitcoin should naturally just have a real expected return, Michael Saylor quoted as saying upwards of 20% or more annualized, "simply hasn't read up on it"

No. You are not enlightened and have not simply woken up to the magic of a speculative Ponzi scheme.

It's ok to be wrong. You just look silly.

I'd like to hear your case for BTC being any more of a Ponzi scheme than a fiat currency?

halfastros81 said:

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I'd like to hear your case for BTC being any more of a Ponzi scheme than a fiat currency?

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The BTC proponents are always against "fiat" currency, but their Crypto is just as fictitious. The only difference is it can't be debased. But BTC does not have universal adoption, it's slow and power hungry, prone to theft with very little protections to reclaim damages.

Frankly, there's been a solution to "fiat" currency and inflation for a very long time and that is to invest in businesses that do actual things to generate profits that grow over time. You can even buy things like TIPS for lower risk. Problem solved.

Not some token that does nothing productive and whose growth relies on the greater fool theory for real returns.

AggiEE said:

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halfastros81 said:

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I'd like to hear your case for BTC being any more of a Ponzi scheme than a fiat currency?

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The BTC proponents are always against "fiat" currency, but their Crypto is just as fictitious. The only difference is it can't be debased. But BTC does not have universal adoption, it's slow and power hungry, prone to theft with very little protections to reclaim damages.

Frankly, there's been a solution to "fiat" currency and inflation for a very long time and that is to invest in businesses that do actual things to generate profits that grow over time. You can even buy things like TIPS for lower risk. Problem solved.

Not some token that does nothing productive and whose growth relies on the greater fool theory for real returns.

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This was good fun, but I'm done. We're just so far apart on all of this that it isn't worth the time. But that's ok. Good luck. You'll figure it out eventually.

There's nothing for me to figure out. I will never "invest" in BTC as it does not fit my criteria for an investment.

And I have and will continue meeting my sustainable financial goals by opting out and not falling victim to the social media shills aggressively peddling this in order to line their own pockets with further adoption.

AggiEE said:

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There's nothing for me to figure out. I will never "invest" in BTC as it does not fit my criteria for an investment.

And I have and will continue meeting my sustainable financial goals by opting out and not falling victim to the social media shills aggressively peddling this in order to line their own pockets with further adoption.

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Got it. Good luck!

You made no case for BTC being any different than fiat currency other than it's safe from debasement (a plus) and is less widely adopted than some fiat currencies and that's true but it is gaining market share over time . The argument that it's more subject to theft than fiat is a particularly difficult one to swallow imo since fiat currencies are stolen online and in cash many many x a day, every day as are good and services via credit card fraud.

Nobody on this thread that I saw is against investing in companies that make products , provide services , etc. but they are also subject to and impacted by inflation and when you invest , get paid interest and dividends , or take capital gains they are paid in us dollars ( or some other fiat currency ) which you in turn spend as needed or reinvest . The currencies are essentially tools to facilitate trades so other than the smaller adoption base than some fiat currencies what makes BTC any less a currency than them?

No one here is advocating 100% allocation to BTC or cryptocurrency, but rather as an inflation hedge like maybe a precious metal etf or mutual fund.

RKLB - Rocket Lab
But I've been buying it for a few years...matured this year...most of my shares were bought in the $4-5 range. Their payloads capacities are about half of Space-X's but their Neutron Rocket returns to land on a barge like Elon's. Nose cone clamshells to release payloads...and retrieve, I believe. New Zealand Company, started by Sir Peter Beck, not as flamboyant as Elon, Alex Karp or Palmer Luckey...just a regular rocket scientist.

Been buying PLTR the past year for a nice 84% to date.

Yesterday started dipping my toe in NVTS Navitas Semiconductor Corporation.
Gallium nitride power integrated circuits, silicon carbide power devices, silicon system controllers, and digital isolators for power conversion and charging.

Bought Amprius AMPX, but sold it too soon, broker convinced me I could do better, did well but not as well as if I had kept the shares. Light weight batteries...think drones and electric mobility.