[nemo44x]

A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc.

Because we are forced to generally keep our wealth in things susceptible to political influence it’s nice to have a place to store value away from that.

My homes value can be wrecked by a variety of government or central bank policies. Same with my equities and bonds. So having a part of your wealth in BTC is frugal as a protection from these things. It is outside the scope of these influences.

[maceurt]

> A store of value protected from (and even a beneficiary of) government mismanagement, central bank mismanagement, corporate mismanagement, etc.

Precious Gold/ Silver is way more adverse to risk than crypto and actually exists as a physical good.

> My homes value can be wrecked by a variety of government or central bank policies.

Crypto can be affected by those things also. I see the utility in certain aspects, but I don't understand the gold rush when there a lot better decentralized currencies.

[nemo44x]

Gold can be confiscated and actually has been in the past. Also, it's easy to lose. I personally feel gold has less value than a globally distributed proof of work and value store. Saying that, at what point did I say you should buy gold instead? By all means, hold both BTC and precious metals as a part of a well diversified portfolio.

Maybe there are better decentralized currencies (that's a matter of opinion) but there were better operating systems than Windows. It's about mindshare.

Honestly, just look at BTC's performance over the last 10 years. It has been the #1 asset class by far.

[maceurt]

BTC can be confiscated too, you don't think Government can take hard drives or get access to cloud data storage.

[hanniabu]

Gold is not portable. Bitcoin has portability. You can store billions of dollars on a piece of paper in your pocket.

[zoover2020]

What if my government bans Bitcoin? Wouldn't that ruin the whole picture? It feels like an unrelagated market, waiting to be regulated

[Acrobatic_Road]

they can pass a law banning bitcoin; they can also ban the tides from coming in.