This is mostly semantics, but TheQStrategy isn’t saying a warehouse full of hardware IS Bitcoin, but it is required to mine it.
Much like a pickaxe is a hard asset, AND is also useful by itself, AND one of those uses is to mine gold, which is also a hard asset.
Mostly the definition of “hard asset” is something physical (which Bitcoin is not) but it’s also sometimes used to mean something “fixed in supply”, which Bitcoin sort of is.
Moreover, unlike other soft assets, Bitcoin requires hard assets to back it.
That said, clearly the author’s intent in the use of “hard asset” is more to mean “fixed asset”.
There! I’ve said my peace and now you may continue to quibble.
Sounds like this may be the currency to back the wrong reset, not the one we want. Yellen? IMF? Basket of other fiat currencies?
If you bet against yourself, you'll always lose.
Why is everything still priced in US Dollars then? To keep us in the dark?
The IMF? Really? Idk....
This is mostly semantics, but TheQStrategy isn’t saying a warehouse full of hardware IS Bitcoin, but it is required to mine it.
Much like a pickaxe is a hard asset, AND is also useful by itself, AND one of those uses is to mine gold, which is also a hard asset.
Mostly the definition of “hard asset” is something physical (which Bitcoin is not) but it’s also sometimes used to mean something “fixed in supply”, which Bitcoin sort of is.
Moreover, unlike other soft assets, Bitcoin requires hard assets to back it.
That said, clearly the author’s intent in the use of “hard asset” is more to mean “fixed asset”.
There! I’ve said my peace and now you may continue to quibble.