An experiment that may or may not work. BTC is a speculative dream at the moment given it's finite total. Unlike gold BTC can be subdivided into decimal fractions but that's about it. It's intangibility can be like your old digital photos. Lose the key to your wallet, no useful thing remains.
An experiment that may or may not work. BTC is a speculative dream at the moment given it's finite total. Unlike gold BTC can be subdivided into decimal fractions but that's about it. It's intangibility can be like your old digital photos. Lose the key to your wallet, no useful thing remains.
But it remains only useful if others accept it in exchange. Diamonds and gold are small enough to cross a border. Most of us will never be able to have those hedges so both BTC and tangibles are likely out of reach. At best I put my trust in common stock of real businesses producing wealth the traditional ways. I've not used certificates in recent years so my book entries hopefully will survive that EMP. Shares at least are less diluted than dollars.
We shall see. I can't afford the risk. My common stock is a hedge and I hold few cash positions. I am at risk if the company dies meanwhile I count on stock like Exxon to remain stable for some time. I do place bets on companies trying to build new utility scale batteries and have some utilities as well. But I don't count on them all for daily living. <Just as long as beans and rice are available>.
An experiment that may or may not work. BTC is a speculative dream at the moment given it's finite total. Unlike gold BTC can be subdivided into decimal fractions but that's about it. It's intangibility can be like your old digital photos. Lose the key to your wallet, no useful thing remains.
I’m an advocate of diversification.
Crypto is a great invention. But whaddaya gonna do if they shut down the internet, there’s a global EMP or a nuclear exchange?
It’s harder to steal and you can carry it in over borders in your head. Can’t do that with metals. So it has that going for it.
But it remains only useful if others accept it in exchange. Diamonds and gold are small enough to cross a border. Most of us will never be able to have those hedges so both BTC and tangibles are likely out of reach. At best I put my trust in common stock of real businesses producing wealth the traditional ways. I've not used certificates in recent years so my book entries hopefully will survive that EMP. Shares at least are less diluted than dollars.
Adoption through decentralized exchanges will increase dramatically from now on. The fascism will force it.
We shall see. I can't afford the risk. My common stock is a hedge and I hold few cash positions. I am at risk if the company dies meanwhile I count on stock like Exxon to remain stable for some time. I do place bets on companies trying to build new utility scale batteries and have some utilities as well. But I don't count on them all for daily living. <Just as long as beans and rice are available>.