> its nothing more than a high risk stock

Nothing more? Proof-Of-Work wasn't innovative?

With fiat you have high risk of losing 50% of USD's purchasing value within 2 years, which already happened, and which is not far from being robbed, as have happened to millions of people too.

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phplovesong 2 days ago | parent | next [-]

Sure, but if i have investments they cant be stolen, and if they are im pretty much compensated (given im not straight up giving my account away, hell even then there is usually a 24h window with a limit on withdrawls).

Bottom line is no one takes responsibility in the world of bitcoin.

	▲	gametorch 2 days ago \| parent [-]
		You can buy an ETF that wraps spot crypto and get all those guarantees you name in exchange for a small fee.

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the_gastropod 2 days ago | parent | prev | next [-]

Proof of work was innovative when it was created in 1997 as an anti-spam email solution.

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FabHK 2 days ago | parent | prev [-]

lol. No, PoW existed before. Putting it all together in this specific form was an innovation, if only a minor incremental one on the large body of work of state machine replication, enabling for the first time sybil resistance and thus permissionless distributed consensus. But all that gave us were crime tokens; haven't seen a use case but crypto yet.

Invest in stocks and bonds to maintain purchasing power.

	▲	l___l 2 days ago \| parent [-]
		If it was only a minor incremental innovation, in this specific form, wouldn't it have appeared years earlier? > haven't seen a use case but crypto yet. BTC is up 500%+ since 2 years ago. This looks like a use case to me. It maintained purchasing power better than stocks and bonds. This comment read to me like AI slop.