I think it's a good idea to plan for a disaster. If the disaster is global, I'd rather have Krugerrands than Bitcoin, but that's a false dichotomy. Maybe stuff that can be used directly is more preferable. Like more tinned food, water, seeds and tools and so on?
On Thu, 15 Apr 2021 at 18:59, Prof David West <[email protected]> wrote: > "if disaster strikes ..." > > What kinds of "disaster" are possible and probable? Given that list, which > among them do not take down "cyberspace." ("Cyberspace is where your money > is." John Perry Barlow) > > I know a lot of 'survivalists' and none of them would consider anything > other than than a Krugerrand under the mattress as a realistic hedge > against disaster. > > davew > > > > > On Thu, Apr 15, 2021, at 2:52 AM, Pieter Steenekamp wrote: > > " But I'd argue against storing value at all, anywhere " > I assume you mean passive storing value like in fiat or crypto currency or > for example art for the purpose of storing value. > I agree with your sentiments, but I would not take it to the extreme. > IMHO, to oil the wheels of productivity in society some storing of value in > passive form is required. Like Tesla buying Bitcoin to store value. And I > believe in personal responsibility, I want to store some of my value in > liquid passive assets. I don't have any trust in fiat currency's ability to > maintain its value for long periods, because governments all over the world > are printing fiat money like there is no tomorrow. Maybe it's good, I don't > have a clue, but I certainly don't think that's a good way to preserve the > value of the currency for long periods. So, I choose to put a portion of my > assets in Bitcoin. If disaster strikes and I need money in the future I > don't want to necessarily sell off my stake in productive value storing > (like a business, or shares in a company). > > On Thu, 15 Apr 2021 at 00:15, ⛧ glen <[email protected]> wrote: > > This isn't what you asked for. But I'd argue against storing value at all, > anywhere. That's for 2 reasons: 1) often, not you or anyone here > necessarily, what people who think 'storing value' really want is *rent* > ... to make money without contributing productively. And 2) hoarding > doesn't imply value. Money contributes to the world by it's *movement*, by > changing hands. So a savings account or money market can (somewhat > passively) help the world more than burying cash in your yard. But > *spending* money helps the world in innumerable ways, especially when it's > not to buy arbitrary stuff, but to encourage others to do work ... like > .... [cough] ... write poetry or brew beer. > > On April 14, 2021 2:49:55 PM PDT, Pieter Steenekamp < > [email protected]> wrote: > >I am a strong supporter of Bitcoin. Sure there are negatives, it's not > >all > >just positive. There also are risks, Bitcoin could lose all it's value. > >The > >main reason why I support it is because it's probably one of the best > >ways > >to store value. With all the crazy printing of fiat currencies all > >around > >the world, is there a good argument that any fiat currency will keep > >it's > >value? I'd really like to listen to these arguments with an open mind. > >I'd > >also like to listen to arguments why any other way to store value is > >significantly better than Bitcoin. > >But, I'm not saying it's the only way to store value and I'm definitely > >not > >advocating to store all your value in Bitcoin. A portfolio where some > >portion, dependent on individual circumstances, is stored in Bitcoin is > >in > >my opinion very good. > > -- > glen ⛧ > > - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: http://friam.471366.n2.nabble.com/ > > - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: http://friam.471366.n2.nabble.com/ > > > - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . > FRIAM Applied Complexity Group listserv > Zoom Fridays 9:30a-12p Mtn GMT-6 bit.ly/virtualfriam > un/subscribe http://redfish.com/mailman/listinfo/friam_redfish.com > FRIAM-COMIC http://friam-comic.blogspot.com/ > archives: http://friam.471366.n2.nabble.com/ >
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