Damus
Jeff Booth · 19w
The primary reason people believe in “assets” that protect their purchasing power is because they have never been able to store money in money. #bitcoin changes this and everything else as a res...
Hu₿ertus the Austrian profile picture
This is unbearable, sorry. Let’s criticise fiat money but also make sense:

It is simply inaccurate that people have “never been able” to store “money in money”.

1. Gold used to be money. Great SoV, for millennia.
2. People also invest in land, equities. Both store value.
3. Bitcoin is down severely vs. gold. Has been for 4 years.

Nothing changes. Economic laws are what they are.
Lostdog · 18w
Fair point about gold being a SoV, but Bitcoin down against gold? What chart are you cherry picking from? 🍒