iris
Post by s m o a k
Carl B Menger
Stacking #Bitcoin is seen as risky, but buying cars, phones and other things that depreciate with certainty over time is considered secure. The lack of risk literacy has taken its toll on the majority. #Bitcoin is not risky, a 100% fiat allocation is.
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s m o a k
A car, one of the few “assets” that depreciates every minutes of the day even when not in use. Mostly a liability if there is a loan but it’s their inherent utility that makes it confusing for the rubes. The ability for humans to travel long distances over short time periods is a superpower. In that regard, cars are a valuable asset.
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