Quote:
Originally Posted by Aces4
A house, cars, groceries, memberships, lifestyles, jails are tangibles. So is a dollar bill in that it's made of paper or linen. The value of said dollar bill is in our mindset unless you're using it to start a fire.  |
The material makeup of a currency provides a fraction of the the value it is supposed to represent. You are right that it can be burned as fuel, but there are better-value fuels out there.
Tangibles can be traded as themselves. Wine to drink. Cigarettes to smoke. Food to eat. Not a means of exchange, but a direct trade. When the house of cards collapses, I’d rather have 1000 bottles of wine than $10k of paper losing value by the hour via hyperinflation.
Crypto, through its limited quantity will be much more stable than the dollar, as no one can print more of it, devaluing it over and over again.
If anything is a Ponzi scheme, it’s the dollar. Not bitcoin.