She's only half wrong about some of the things she said about bitcoin. It IS used for crime, and we know this from the dea nsa busts of silkroad silkroad 2 on the darknet and yes it was quite significant amount of bitcoins, as in percentage of entire market cap.
Bitcoin is backed by the sunken cost of ENERGY, ever increasing complexity of technology and time. All crypto in fact. It's a store of technology and energy's capacity to solve ultimately meaningless, pregenerated puzzles; as well as increasing scarcity of solutions to the same. That's as good a defintion as any
And she's right that it uses tremendous energy. Bitcoin's blockchain requires more energy to run than the country of argentina. Will it get more efficient? Yes, but it won't be bitcoin, it will be a fork.
And forking is essentially quantitative easing for blockchains. Don't forget that. By the fickle nature of the industry, people could move all their assets into another crypto in an instant--one that is "sanctioned" by governments because it's controlled
If you want a TRUE store of value, BUY LAND / Real estate. Second to that, precious metals. Third to that REITs (real estate trusts) where you have a fractional amount of ownership of 'parts of real estate' but can't use it. Better to have rental properties because your holdings make money. And better to rent business / retail space than residential, because residential renters are scumbags who don't take care of the property like it's their own. Fourth to that: invest in yourself thru education or skill or start a business or build out a 'prepping' / sovereign man type infrastructure with what you have
Because we're in for tough times. Crypto doesn't work when the lights are out . Nor does it work if you have a totalitarian governmetn that thinks you're an asshole because you voted for Trump and they embargo your use of the internet
She's only half wrong about some of the things she said about bitcoin. It IS used for crime, and we know this from the dea nsa busts of silkroad silkroad 2 on the darknet and yes it was quite significant amount of bitcoins, as in percentage of entire market cap.
Bitcoin is backed by the sunken cost of ENERGY, ever increasing complexity of technology and time. All crypto in fact. It's a store of technology and energy's capacity to solve ultimately meaningless, pregenerated puzzles; as well as increasing scarcity of solutions to the same. That's as good a defintion as any
And she's right that it uses tremendous energy. Bitcoin's blockchain requires more energy to run than the country of argentina. Will it get more efficient? Yes, but it won't be bitcoin, it will be a fork.
And forking is essentially quantitative easing for blockchains. Don't forget that. By the fickle nature of the industry, people could move all their assets into another crypto in an instant--one that is "sanctioned" by governments because it's controlled
If you want a TRUE store of value, BUY LAND / Real estate. Second to that, precious metals. Third to that REITs (real estate trusts) where you have a fractional amount of ownership of 'parts of real estate' but can't use it. Better to have rental properties because your holdings make money. And better to rent business / retail space than residential, because residential renters are scumbags who don't take care of the property like it's their own. Fourth to that: invest in yourself thru education or skill or start a business or build out a 'prepping' / sovereign man type infrastructure with what you have
Because we're in for tough times. Crypto doesn't work when the lights are out . Nor does it work if you have a totalitarian governmetn that thinks you're an asshole because you voted for Trump and they embargo your use of the internet