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Replying to Avatar Jordan S

I think the narrative of Bitcoin as a "Savings Technology" is stupid because in order to be a "Savings Technology", you need it to be stable, reliable, & predictable.

Bitcoin is not stable, reliable, or predictable, it is highly volatile but on the flip side it does have high price appreciation, which is more of a growth tool, not a savings technology.

If I had 5 Bitcoin, and say needed to buy a house then I probably wouldn't be able to because Bitcoin went down this week, however if I had ~$500,000 in an Savings fund then the relative value has stayed stable, and consistent enough in relation to the house's current price that I would be able to buy a house.

ed
ede3d957... 1y ago

#Monero

Much more stable and less volatile thanks to constant price suppression by fiat maxis (Fed, ECB).

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dbac4405... 1y ago

There's a chance that people that use it are too dumb to know they should be holding it. Pry open that 3rd eye vendors.....

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