My point is that if you measure bitcoin as a currency it's doomed to be a failure. I don't care if its called a crypto currency, it's a crap currency. After one minute of reading about it the major benefit to me was its supply limit. Demand is erratic, supply is limited. It's an option on a black swan-like resource. Its name or what most people think of it as, doesn't change the fundamentals.
I'd agree my usage of the term 'hedge' isn't useful. But it is nice to have something that has appreciated so well over time, where my own currency has sucked.
I don't worry too much whether it succeeds or fails, but I assume if it succeeds it'll have to move through the hysteria and a trough of disillusionment to find some niche.
I'd agree my usage of the term 'hedge' isn't useful. But it is nice to have something that has appreciated so well over time, where my own currency has sucked.
I don't worry too much whether it succeeds or fails, but I assume if it succeeds it'll have to move through the hysteria and a trough of disillusionment to find some niche.