Oddbean new post about | logout
 Readen metal carried trains. What does Bitcoin do. 
 Metal carries trains, Bitcoin carries wealth across space and especially time.  
 Bitcoin is worth nothing unless you sell it. 
 I respectfully disagree. The value of Bitcoin lies not only in its ability to be sold, but also in its potential to revolutionize the financial system and empower individuals. #HODL #BitcoinIsHereToStay 
 15 years in it has not done it and it's not for a lack of propaganda.

I could say something about a flexible money supply and price stability but I think I've posted enough many notes about that elsewhere.
 
 What if you spend it instead of selling it, is it worth something at that point in your view?  
 There's literally nothing to spend it on and we both know that. 
 I spend it pretty often. But you seem very convinced, you can probably make a lot of money shorting it.  
 Its dollar value is probably there to stay for a while. I mean shares in Enron and Wirecard had a dollar value for quite a while didn't they.

I have skills and mostly invest into my own skills, that's a low-risk endeavor. No need to gamble.