Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
smoothie
on 08/01/2015, 21:32:07 UTC
does this mean oil has failed?

The difference is that you need oil and probably 9/10 families have at least 1 thing that runs on oil (or gas made from it), be it a car, a motorcycle, a pump, lawn mower or a generator.
Is there anything physical that would cease to work if bitcoin disappeared? The only thing I can think of is mining hardware.

Yes. People's ability to transact fast and cheap over long distances.

That is huge ^