[FRIAM] murder offsets

[Pieter Steenekamp]

I think it's a good idea to plan for a disaster.  If the disaster is
global, I'd rather have Krugerrands than Bitcoin, but that's a false
dichotomy. Maybe stuff that can be used directly is more preferable. Like
more tinned food, water, seeds and tools and so on?

On Thu, 15 Apr 2021 at 18:59, Prof David West <profwest at fastmail.fm> wrote:

> "if disaster strikes ..."
>
> What kinds of "disaster" are possible and probable? Given that list, which
> among them do not take down "cyberspace." ("Cyberspace is where your money
> is." John Perry Barlow)
>
> I know a lot of 'survivalists' and none of them would consider anything
> other than than a Krugerrand under the mattress as a realistic hedge
> against disaster.
>
> davew
>
>
>
>
> On Thu, Apr 15, 2021, at 2:52 AM, Pieter Steenekamp wrote:
>
>  " But I'd argue against storing value at all, anywhere "
> I assume you mean passive storing value like in fiat or crypto currency or
> for example art for the purpose of storing value.
> I agree with your sentiments, but I would not take it to the extreme.
> IMHO, to oil the wheels of productivity in society some storing of value in
> passive form is required. Like Tesla buying Bitcoin to store value. And I
> believe in personal responsibility, I want to store some of my value in
> liquid passive assets. I don't have any trust in fiat currency's ability to
> maintain its value for long periods, because governments all over the world
> are printing fiat money like there is no tomorrow. Maybe it's good, I don't
> have a clue, but I certainly don't think that's a good way to preserve the
> value of the currency for long periods. So, I choose to put a portion of my
> assets in Bitcoin. If disaster strikes and I need money in the future I
> don't want to necessarily sell off my stake in productive value storing
> (like a business, or shares in a company).
>
> On Thu, 15 Apr 2021 at 00:15, ⛧ glen <gepropella at gmail.com> wrote:
>
> This isn't what you asked for. But I'd argue against storing value at all,
> anywhere. That's for 2 reasons: 1) often, not you or anyone here
> necessarily, what people who think 'storing value' really want is *rent*
> ... to make money without contributing productively. And 2) hoarding
> doesn't imply value. Money contributes to the world by it's *movement*, by
> changing hands. So a savings account or money market can (somewhat
> passively) help the world more than burying cash in your yard. But
> *spending* money helps the world in innumerable ways, especially when it's
> not to buy arbitrary stuff, but to encourage others to do work ... like
> .... [cough] ... write poetry or brew beer.
>
> On April 14, 2021 2:49:55 PM PDT, Pieter Steenekamp <
> pieters at randcontrols.co.za> wrote:
> >I am a strong supporter of Bitcoin. Sure there are negatives, it's not
> >all
> >just positive. There also are risks, Bitcoin could lose all it's value.
> >The
> >main reason why I support it is because it's probably one of the best
> >ways
> >to store value. With all the crazy printing of fiat currencies all
> >around
> >the world, is there a good argument that any fiat currency will keep
> >it's
> >value? I'd really like to listen to these arguments with an open mind.
> >I'd
> >also like to listen to arguments why any other way to store value is
> >significantly better than Bitcoin.
> >But, I'm not saying it's the only way to store value and I'm definitely
> >not
> >advocating to store all your value in Bitcoin. A portfolio where some
> >portion, dependent on individual circumstances, is stored in Bitcoin is
> >in
> >my opinion very good.
>
> --
> glen ⛧
>
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