Oddbean new post about | logout
▲ ▼
Kanzan | 1 months ago (raw) | root | parent | reply | flag 
 fiat equivalence is not the way.
its mostly a measurement of speculative interest by VC and degens.

hold bitcoin because you can use it freely.
▲ ▼
mattaroo | 1 months ago (raw) | root | parent | reply | flag +1 
 Bitcoin is a vector that has a million reasons why to hold it.
▲ ▼
Kanzan | 1 months ago (raw) | root | parent | reply | flag 
 well
its got a couple things going for it

NGU is not one of the important ones.


(unless you're interested in fiat denominated buying power of course, which most people are)