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intrepidity

(7,926 posts)

8. Because it is a digital asset.

Reply to albert992 (Reply #5)

Sun Nov 24, 2024, 02:44 PM

Nov 24

While I understand that even digital assets must be stored *somehow*, it just doesn't quite invoke the same image as, say "all the gold in Fort Knox" for example.

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The delusions behind a bitcoin strategic reserve [View all] Nevilledog Nov 24 OP

Now, there's a dumbass idea. It will be popular with MAGA. MineralMan Nov 24 #1

It is a way to devalue the dollar for Putin. Irish_Dem Nov 24 #2

Soon I'll have enough bitcoin to buy both Park Place AND Boardwalk Orrex Nov 24 #3

"Storage costs"? intrepidity Nov 24 #4

Can you elaborate? albert992 Nov 24 #5

Because it is a digital asset. intrepidity Nov 24 #8

No. It's worse. The electric needed for a secure cyber currency and it's security is scary ... marble falls Nov 24 #15

Fort Nots lame54 Nov 24 #6

According to Cathie Wood Bitcoin is going to $600,000. Turbineguy Nov 24 #7

The point of a strategic reserve is to reserve things we might need.... viva la Nov 24 #9

Muskrat wants DOGE not bit coin Blue Full Moon Nov 24 #11

I have seen this faulty 'tulip versus bitcoin' attempted comparison since I joined DU. It fails at multiple base levels. Celerity Nov 24 #17

That's like an insurance company buying a box of toothpicks bucolic_frolic Nov 24 #10

San Salvador has made bitcoin it's currency Blue Full Moon Nov 24 #12

It is El Salvador, and BTC is simply legal tender there. The main currency (since 2001) is the US dollar. Celerity Nov 24 #18

Yes they are using both Blue Full Moon Nov 25 #19

That isn't what you stated in your first reply, as you made it sound like BTC was their only (or at least main) currency Celerity Nov 25 #20

You really do need to quit harassing me. Blue Full Moon Nov 25 #21

I am not harassing you, I am only responding to what you posted, and doing so with no malice whatsoever. Celerity Nov 25 #22

Can we buy a newspaper with it? 617Blue Nov 24 #13

So, at the end of his term, having access to everything, Abolishinist Nov 24 #14

Fortunately... jmowreader Nov 24 #16