[georgia_peach]

Even though many of these things are grifts wrapped in scams boxed in hustles, the idea of fiat currency upheld by energy and math seems like an improvement over a fiat currency upheld by energy and weapons, and a worthwhile endeavor.

BTC has beaten my money market account by a ridiculous amount. As a store of wealth, it has done its job well so far. People keep saying that it's a bubble, and perhaps it is. My gut tells me that the Weimerica scenario is just as likely as a BTC bubble-burst. I like having a variety of baskets to put my eggs in.

[alxjrvs]

The claim that Bitcoin (or ETH, or lite, or tether, or Doge) will function in any way like a currency in the near or middle future is a meaningless pipe dream with no technical roadmap to meaningful adoption. You can talk about the hypothetical benefits of the chain and the ideological failing of a fiat currency, but none of that maps to the reality of the crypto space right now. You're either a willing con-man or an unwilling mark.

Some people will get fat from crypto. That doesn't change the fact that it is a cesspool.

[alxjrvs]

>As a store of wealth

My uncle picks pockets down by the pier and keeps all the wallets in a bag under his bed. This, too, has been a growing store of wealth, beating out my dinky little ETF accounts. Despite his claims, I do not want to "learn from the best". Despite my wishes, he encourages me to check out the pier anyway.

[georgia_peach]

Who is BTC stealing from?

[alxjrvs]

The Bigger Idiot.

[georgia_peach]

The same can be said for stocks, bonds, real estate, commodities, and paper currency (7%+ USD inflation as of Jan!), and does not distinguish cryptocurrency from any other traditional asset. Quite a stretch to call that theft--unless it boils down to the old "property is theft" argument--but I'll let other people tilt at that windmill.