The word 'investing' should be reserved to endeavors that provide real value, i.e. building human efficiency (teams, companies, burocracies) or capabilities (technology).
Everything else is a pyramid game in my eyes, and the appropriate verb is 'betting'.
03.01.2025 07:16
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Things whose only inherent value is related to hope may provide entertainment value for a significant amount of time, very much like casinos do, but in the end, the house always wins. With Bitcoin, 'the house' is represented by trading companies and energy companies.
03.01.2025 07:16
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Nice thread. The value of Bitcoin is only related to, in the words of Terry Pratchett, 'that greatest of all treasures, which is Hope, sir'.
03.01.2025 07:14
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