• Cethin@lemmy.zip
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    11 hours ago

    Sure. Diversifying is good. There’s no need for crypto for that. Gold or other assets would protect you equally as well.

    If the advantage of crypto is something provided by many other things, without the disadvantages of crypto, then crypto shouldn’t be desired.

    • LainTrain@lemmy.dbzer0.com
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      11 hours ago

      Gold or other assets don’t necessarily protect you when you own them through government and more broadly not-wholly-independent-from the-government-financial-institutions, unless you have gold bars at your house, and even then, it’s not something you can transfer for payments easily.

      On the other hand cryptocurrencies are wholly independent from any institution whatsoever - truly for people by the people - and ones like XMR are actively resistant to them altogether. I don’t think Trump is going to be like Hitler, but if he were, I’d bet on something the government can’t really easily seize like a distributed decentralised ledger rather than a house or gold that can’t be liquidated quickly or transferred for another currency if I was e.g. a targeted minority.