<story><title>Berkshire: Bitcoin is ‘contrary to the interest of civilization.’</title><url>https://blog.evergreengavekal.com/four-berkshire-bombshells-plus-the-spac-market-implosion/</url></story><parent_chain><item><author>smt88</author><text>If you think of all investments as a bet, what are you betting on when you buy crypto?&lt;p&gt;In my opinion, you&amp;#x27;re betting that crypto will be useful as an exchange of value, which means the people exchanging it are either: A) criminals or B) living in a failed state.&lt;p&gt;Personally, if crypto becomes so widely used that it justifies its market caps, that means a &lt;i&gt;lot&lt;/i&gt; of states have failed, and I don&amp;#x27;t want to live in (or bet on) that world.&lt;p&gt;It&amp;#x27;s also scary that some very rich and powerful people are betting against our society continuing to be viable.</text></item></parent_chain><comment><author>Valakas_</author><text>I&amp;#x27;m betting that finally there is an asset that works as store of value that doesn&amp;#x27;t deflate and which is easy to use. Let&amp;#x27;s be honest, BTC could be the best one. Owning gold (or other rare metal) is an assle. Need a safe place to store it and transport it is so risky. Or I need to trust someone else or an institution to hold it if I don&amp;#x27;t want to hold it myself.&lt;p&gt;Real estate takes a lot of time and research to chose a proper investment. Besides, what I want to store 100 dollars only? Or 10000? not enough for that. And REITs again require a lot of research and are not risk-free. Then you have other assets like art and so on, but again, needs research, and what are the likelyhood of findind something exactly at my price range? Besides they can be destroyed in fire or something else.&lt;p&gt;Also not stocks sorry. I don&amp;#x27;t want to risk my hard earned money. Maybe part of it, i can, and I nicely get some positive return. But not all. Also not bonds or bank interest. I don&amp;#x27;t want to have my money stuck for years. I want something where I can easily set and forget, liquid, immaterial, which is safe, and where I don&amp;#x27;t need to trust anybody but myself. It doesn&amp;#x27;t even need to appreciate, just hold its value. What do you propose besides BTC?&lt;p&gt;I don&amp;#x27;t see anything that can be potentially better.</text></comment>
<story><title>Berkshire: Bitcoin is ‘contrary to the interest of civilization.’</title><url>https://blog.evergreengavekal.com/four-berkshire-bombshells-plus-the-spac-market-implosion/</url></story><parent_chain><item><author>smt88</author><text>If you think of all investments as a bet, what are you betting on when you buy crypto?&lt;p&gt;In my opinion, you&amp;#x27;re betting that crypto will be useful as an exchange of value, which means the people exchanging it are either: A) criminals or B) living in a failed state.&lt;p&gt;Personally, if crypto becomes so widely used that it justifies its market caps, that means a &lt;i&gt;lot&lt;/i&gt; of states have failed, and I don&amp;#x27;t want to live in (or bet on) that world.&lt;p&gt;It&amp;#x27;s also scary that some very rich and powerful people are betting against our society continuing to be viable.</text></item></parent_chain><comment><author>jl2718</author><text>Nobody does, but it’s a possibility, and we’re hoping that self-sovereign money makes for a more peaceful transition in those places.&lt;p&gt;If it’s total chaos, the criminals will have total control. We have seen this many times. To see why people buy it, understand their fear of what might happen to them if they don’t.</text></comment>