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0 sats \ 3 replies \ @k00b 7h \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin
Collectibles don't ever have negative value, they might go close to zero but by definition there is always someone willing to pay more than zero to own and hold them.
I like this but I'm not sure it's true. Oil had negative value like a beanie baby collector might pay someone to take their collection away.
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50 sats \ 2 replies \ @fourrules 6h
This is a fair point. I guess I was sorting shooting from the hip with that one. I think one can say that if oil had more collectible value it would not have gone into negative prices.
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0 sats \ 1 reply \ @justin_shocknet 3h
Oil has negative carry, meaning it costs money to store it and transport it... so does gold when it's vaulted but its really not comparable given density and optionality
Land has taxes/defense, maintenance if its to be productive...
Lack of negative carry is one of Bitcoin's most unique properties.
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17 sats \ 0 replies \ @SimpleStacker 3h
I'd argue that Bitcoin has a slight negative carry, due to a need to maintain security, but definitely much less per value unit than any of what you mentioned.
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