You don't have those kinds of options with traditional physical assets like fiat or PMs... Even having $10 million in cash would not be easy to move around, like it is with bitcoin. A billion dollars on bitcoin could be stored and managed a whole hell-of-a lot easier than the same value in cash or Pms.
You demonstrate a complete failure of economics 101 understanding. It's not possible for something to qualify as "money" if it doesn't even qualify as a commodity first.
I don't give a ratt's ass what you call it. Let's use $100 million as an example.. Look I came down one decimal point, just for you. Today, if you have $100 million in dollars, or $100million in Pms (such as gold) or $100 million in bitcoin. Which one would be easier to move around to various parts of the world? Which one would be easier to store? Even if I have a secure building, I have to get the money or gold in and out of there, and I also have to worry about robbery or damage. Of course, I could spread the $100 bills out in different buildings or the gold, but still it would probably be a whole hell of a lot easier to deal with bitcoin... just think about going across the country in a u-hall filled with cash or filled with gold? Wouldn't you be worried?
Nobody refers to video games on Steam as a "commodity" because it's blatantly obvious it's a state-run racket/scam called intellectual property and entirely based on artificial scarcity.
We are not talking about video games or steam... We are talking about bitcoin and comparing it to fiat and gold. Of course, you can have some value in each, but if you have large amounts of value, such as $100 million.. even $1million, it is much easier to manage in bitcoin.
Bitcoin is no different - another artificial scarcity scam/racket.
It is different, you diptwat. It has it's own security network built in that are verifying its scarcity and transactional security, including solving the double spend problem... Haven't you heard about that? You fucking troll/shill?
The hallmark trait of all currencies is artificial scarcity, while actual money is required to be physical commodity in the real world and not an artificial scarcity racket.
The scarcity of bitcoin is not artificial you dimwit. Stop spreading misinformation.
So, no, you are not "storing" $10 million of anything in bitcoin because it's not possible to store value in something completely imaginary based on artificial scarcity.
It is. I can do it today. That $10 million is a little less than 2,000 bitcoins. I could store the private keys on a hardware wallet, such as a Trezor or there are other ways to do it. It is not theoretical.. it exists. Wake the fuck up.
It's a currency and not money, and on a long enough timeline the value of a currency always goes to zero.
We are talking today. And, I don't give any shits if it goes to zero in some hypothetical future time, because i am gong to be lucky to live another 50 years.. so I don't even care if it goes to zero 51 years from now, except for my descendants of course, and that would be their problem, if I have not spent all of my bitcoin wealth by the time I die.
All you're holding is a temporary pump and dump grenade or financial scam that you're attempting to pass off onto someone else before it explodes, not "storing value". You need a physical commodity that doesn't expire to do that.
What the fuck are you talking about? Bitcoin has gone up in value in the past 10 years, and in the past 5 years it has gone up more than 5x. Overall, bitcoin continues to go up, especially in recent times, which seems to provide decent evidence that bitcoin is going to fare better than your PMs, such as gold or silver or copper. Good luck with those ancient relics in these modern times.
By the way, don't you have a PM forum or a PM thread that you can post on? You are continuing to waste the time of people in this thread, bitcoin buyers, holders and accumulators that seem to be way more knowledgeable (and interested) than you on the bitcoin topic. Go somewhere where your phoney baloney PM pump talking points are wanted and appreciated. NOT here.. Haven't you gotten the memo...
PM bugs, including roaches, not wanted here!!!!!!!
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