Hacker News Reader

Cypto-currency has vanishingly few good and legitimate use cases, but:

> All wallets could become worthless in a weekend if a government makes the wrong stride in quantum research..

TBF, you could say something similar about all stocks remotely related to transportation the moment someone invents a teleporter.

I agree there's a difference there, but I don't think it has to do with the vulnerability of the asset.

View on HN

In something like transportation one is betting real returns come in before the asset is worthless. Bitcoin has no return so one is betting the asset goes up because it is scarce and you get out before it is worthless. Real estate at least has rents or personal use.

The return of Bitcoin that it represents the next step towards a superior form of money and an evolution of how financial systems work in a digitized world. It's "stock price" increases the more true and realized this idea becomes.

Real estate has taxes, insurance, repairs, tenants that can trash your place, competition from other real estate, illiquidity, high transaction costs, hurricanes, fires, floods, riots, is impossible to move.

Bitcoin has none of those problems.

Having a suitcase full of money has none of those problems.. And under performs because it does nothing.

Reply on news.ycombinator.com