"A money that is easy to produce is no money at all, and easy money does not make a society richer; on the contrary, it makes it poorer by placing all its hard-earned wealth for sale in exchange for something easy to produce."
@Saifedean Ammous
Login to reply
Replies (6)
This is the best quote, there is no second best.
View quoted note →
Gm #nostriches
View quoted note →
What's money then? Excluding BTC. What was the alternative when there was no BTC?
Gold.
Would you said it's good to have some gold nowadays?
As a small allocation of your wealth perhaps.
That said, the opportunity cost measured against Bitcoin is that you could acquire harder money (Bitcoin) instead of gold.