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by lmm 1938 days ago
If I said something like "Apple won't go out of business because it's a big company", comparing to Sears would be completely fair.
1 comments

The OP said Bitcoin is like the lottery. It’s on him to explain that. The lottery has not returned value to almost every person who bought a ticket in the past decade, Bitcoin has. It’s a false and inept analogy.
I think the overwhelming majority of people who bought Bitcoin have paper gains only, not realised value.
Hardly what you'd call a "failure".
Uncorrelated, I would say. Plenty of failures are valuable as collectibles, at least on paper.
I think it's clear that "failure" is the wrong word.