pull down to refresh

50 sats \ 2 replies \ @fourrules 6h \ parent \ on: What about Bitcoin are you too embarrassed to admit you still don't understand? bitcoin
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.
write
preview
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.
reply
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.
reply