That's completely reasonable. And I admit to having dabbled in *coins. But the larger issue of stocks and flows is more interesting. What interests me most is the use of stocks to harmonize a diversity of flow rates. There, storage is a means to an end, not an end in itself. And it's important to avoid over-reduction into a single (or too few) "materials" that are doing the flowing. The recent ERCOT problem in Texas is a good example. Another good example is water rights across states given watersheds, flood irrigation, etc. <https://www.theguardian.com/us-news/2021/apr/05/arizona-water-one-percenters>
So, the question you're asking (how might "storage" in BTC be less preferable to other assets?) isn't really answerable *without* first discussing what that reservoir is *for*, what end does it serve? On 4/15/21 1:52 AM, Pieter Steenekamp wrote: > 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). -- ↙↙↙ uǝlƃ - .... . -..-. . -. -.. -..-. .. ... -..-. .... . .-. . 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/
