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Comment by cardosof | Hacker News Reader

Stocks have real assets and intellectual property, USD has the USA army and economy.

Real assets aren't inherently more valuable than digital ones. I've spent much more on digital assets in my life than on physical assets. Cosmetics in video games are much more valuable to me than like clothes in real life. To me buying physical stuff is mostly a waste of money.

The USA army could be dissolved and the economy could switch to use something else. Of course these events have a low probability of happening but if someone wants to say something else doesn't have a floor because demand could dry up you can't say something else does have a floor even though demand could dry up just the same.

I cannot understand this point of view. In what world will you keep enjoying your digital cosmetics after the USA army is dissolved?

They were independent statements. But yes, if for some reason the USA dissolved their army I would still enjoy playing video games.

Maybe that was a bit facetious, my point was that there are no digital assets without a physical guarantee

I don't quite understand what you are getting at. Could you explain a little more of what you mean? If I have a CSGO knife why would I care about anything physical?

Because CS had physical offices and servers behind that digital knife. Lacking a physical security guarantee like the army, some armed group or nation state can simply take or destroy the physical things from CS and there goes your digital possessions too.

It's hard to imagine, but basically a state does need some level of force to be able to protect property rights. Without that you can't have much of an economy period, nevermind a digital economy.

How old are you to have spent more on digital than physical? Do you not buy furniture or tech?

Early 20s. Physical goods are worthless to me compared to digital ones. My hardware is pretty much the only physical thing I invest into because it's the portal to the digital world for me.

I'm biased but I'll say that as you age you'll value much more the physical world - a partner, children, your house, a pet. The best things in life are offline.

You've spent more in your life on digital assets than food+clothes+rent+etc. together? I doubt it.

Yes, that is correct. In the physical world I live minimalistically because I don't value physical things as much compared to digital things.

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