[bluepnume]

Literally the only way you can profit with real estate is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.

Literally the only way you can profit with stocks is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.

[Sebb767]

> Literally the only way you can profit with real estate is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.

Except, of course, if you live in it, rent it out or use it as businesses asset. Good luck doing that with crypto.

> Literally the only way you can profit with stocks is if people keep buying in at higher prices. It's the perfect instantiation of a pyramid scheme.

Except, of course, that you as a shareholder can influence the direction of the company and earn dividends. Good luck doing that with crypto.

[bluepnume]

What does that have to do with the original point?

- Real estate has real-world use cases

- Stocks have real-world use cases

- Bitcoin has real-world use cases

It's meaningless to describe any of these as pyramid schemes because "to profit you must be able to sell at a higher price to someone else". That's true of buying or selling anything.

[bitxbitxbitcoin]

Actually you can rent out crypto (to short sellers).

[aaaaaaaaata]

Or by staking for loans, other transactions.

[lanstin]

A nice example of how the winners in the gold rush aren’t the suckers but the people selling stuff to the suckers.

[kragen]

You can live in real estate and get dividends from stocks. Cryptocurrencies are more similar to commodities: gold, wheat, coal. (You can consume wheat and coal, yes, but that consumes them and then you don't have them anymore; that's not profit.)

[not_kurt_godel]

Yes, except gold, wheat, and coal have inherent value as physical items whereas crypto does not.

[uncletammy]

You see no value in having a currency that can't be inflated on a whim by your government? As in, the printing of money that reduces the purchasing power of the money sitting in your bank account. Really?

[NoblePublius]

There is some value in having assets immune to inflationary money printing; indeed there are countless examples of such assets available for purchase such as stocks and real estate. My question remains: why is risk of permanently losing your money worth the alleged benefits of crypto? I am willing to accept 2% fees from Amex built into my purchases because such purchases are insured against fraud and deceptive business practice. Crypto provides none of that but it does provide a substantial non-zero risk of permanently losing access to your money because you forgot your password or lost your coke storage.

[kragen]

Stocks and real estate also pose a risk of permanently losing your money; for example, the company might go bankrupt, the real estate might be expropriated via adverse possession, or the government might freeze trade in the market until after you die, as has happened in a large number of cases since the Russian invasion of Ukraine. Even without government freezes, Ukrainian refugees whose savings were invested in Ukrainian real estate cannot spend them now (they are illiquid) and may lose them.

I recommend not storing your password with your coke.

[not_kurt_godel]

Bitcoin is not and never can be currency.

[aaaaaaaaata]

It's a currency now, for dozens of nations and hundreds of millions of humans.

I'm afraid your comment doesn't make much sense.

[bluepnume]

That which can be asserted without evidence, can be dismissed without evidence.

[not_kurt_godel]

What is the max number of transactions per second that Bitcoin can support?

[kragen]

Especially when it's an assertion about the definition of a word.

[kragen]

Commodity traders couldn't care less, and the vast majority of the use of gold is purely commerce, unrelated to its inherent value for plating electrical contacts or coating mirrors.