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Comment by LatteLazy | Hacker News Reader

Bitcoin has been very stable against the USD for a while now.

And that's just bitcoin, stable coins are more reliable.

And of course inflation only robs holders, at least volatility goes in your favour half the time.

I also would not call it an investment: there is no reason to expect prices to rise. Bitcoin does not grow in the way a company can (making shares an investment) or pay interest like a bond. It's at best a speculative asset, like maybe gold?

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> Bitcoin has been very stable against the USD for a while now.

But isn't stable against itself. People who got in first are infinitely richer than people who would buy it a generation from now.

Same for grandpa who got in first with farmland and just sold to housing developers. At least people a generation from now can go to GitHub and fork the btc or eth open source code and make a run at starting their own chain.

> At least people a generation from now can go to GitHub and fork the btc or eth open source code and make a run at starting their own chain.

And that will help them how exactly? There are thousands of chains and coins with total adoption and value of zero

Agreed with this nuance w/ regards to investment vs. asset. But IMHO even if volatility goes in your favor half the time it's still not a viable alternative. If the value of an asset is dependent on what a future buyer is willing to pay for it without taking the implicit value into consideration I leave it as an exercise to the reader how this will end ;-)

>And that's just bitcoin, stable coins are more reliable.

Until they submit to agnostic third party audits, they're not stable.

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