Replying to Avatar Low Information Voter

Truth.

I'd call it "coerced choice" bullshit, a larger category than "Keynesian".

But even absent coercion; gold, bitcoin, monero, whisky and 5.56mm have different properties and more than one may be useful / optimal under a particular set of individual circumstances.

I don't maxi anything except freedom itself.
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Jeff Swann 1y ago

Yes, all of those things have value, but because one of them is perfectly scarce I think all monetary premium will accumulate there.

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Low Information Voter 1y ago

A widely shared opinion, plausible, and quite possibly correct.

I believe that if current trends continue, Bitcoin will accrete the lion's share of the monetary premium. But not 100%. No money has ever achieved 100%, and that's fine, single points of failure are hazardous.

I guess we will find out sooner or later.

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Jeff Swann 1y ago

Achieving 80-90% will make those other things very bad investments by comparison. But anyone who has an 80-90% allocation to bitcoin should do well.

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Shawn 1y ago

Why so bearish? 😉