- Entry
- $112,337.00
- Now
- $64,722.06 -42.4%
- Target
- —
- Score
- —
People who have invested enormous amounts of electricity and capital to obtain records on the Bitcoin blockchain often justify their decision by pointing to fiat money. They argue that fiat currency is also merely a record, one that exists on paper or in a bank’s database, yet people routinely exchange it for goods and services. However, the mere fact that something is a record is irrelevant. Records are everywhere: scientific data, sports results, meteorological measurements, stock ownership, and countless others. …
— ORIGINAL POST ·
The Absurdity of the Bitcoin Investor: Replacing Future Benefits for Past Phantoms
· r/investing
· Apr 28, 2026