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by glitchc 451 days ago
Evidence suggests it's the exact opposite. The only thing crypto has really been good for is a store of value. Sure, it's a volatile commodity, but over any 5 year average window, Bitcoin definitely beats inflation. That makes it a safe store of value.
2 comments

Huh. While I agree that Bitcoin specifically has been a successful speculative investment in the past, "a safe store of value" is a massive stretch. It's a safe store of value in the same way a S&P 500 index fund is, except more volatile. What's that phrase... "Past performance is not indicative of future gains?"
What evidence? People use it to bypass the payment processor cartels all the time.
Define all the time. I haven’t seen a shop that accepts crypto. There’s nothing I could buy with it.