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by koonsolo 1466 days ago
All your questions are answered with "you hold".

When I buy a house in Dubai with bitcoin, there is no fiat involved. I receive the house, they receive the bitcoin. Simple. You could call this selling your bitcoin, but in the same sense you could say selling your fiat.

You seem to think that fiat currency is somehow a base unit like meters. But it isn't. Maybe you have noticed the inflation all over the world recently, some countries more than others. Like I said before, all asset classes have risks. The statement "cashing out" makes no sense to me. I have various stores of my value. Fiat, crypto, companies, real estate, jewelry, bullets, ...
1 comments
SketchySeaBeast 1466 days ago
> When I buy a house in Dubai with bitcoin, there is no fiat involved.

I'll bet you they didn't buy and pay for the materials for said house with bitcoin.

I don't really know what your point is now as you apparently view bullets as an asset class, so I've kind of lost your story. If you think you're going to make a much of money on bitcoin I'm not sure why you'd get rid of it. I invest in securities because I think it'll outperform the default choice, I don't invest in things that I think will under-perform it.

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koonsolo 1466 days ago
> you apparently view bullets as an asset class, so I've kind of lost your story

If you don't view bullets as an asset, you are definitely lost.

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SketchySeaBeast 1466 days ago
Fair enough. Clearly our worldviews don't align at all.
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koonsolo 1466 days ago
That is the difference between you and me. I can see both your worldview and mine, but you can only see yours. I know your worldview because that's the old me.

Here is a challenge: try to imagine a world where bullets are an asset. A world where an "asset" is:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. (https://www.investopedia.com/terms/a/asset.asp)

Maybe you should open your worldview a bit to see various ways on how you store value, not only the obvious financial instruments. But if you don't, no problem.

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SketchySeaBeast 1465 days ago
How incredibly condescending.
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