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by tomjen3 1803 days ago
One obvious thing that nobody seems to mention is a store of value that the government can't devalue (that requires a more stable crypto system, I will grant you that), can't tax[0] and can't control. You may have all sorts of objects to that, they point is that there are good solid people out there, with long memories, deep understanding of the financial system and no trust in the governments ability to handle it.

As for stocks, I buy and hold them, but yes I am explicitly looking for a the next sucker who is willing to pay more when I need to liquidate them.

[0]: they will have to tax something else, like a sales tax. I am fine with that, I just don't want them to be able to take what I own.

1 comments

I concluded a while ago that there's an uncrossable chasm between the people who understand/agree with your first paragraph and those who don't. Any argument beyond that is just people talking past each other.