Quote from: deisik on August 12, 2015, 02:15:26 PM

Quote from: gentlemand on August 12, 2015, 02:03:09 PM

Quote from: GreenStox on August 12, 2015, 01:41:45 PM

It's not crap, yet, although its on the path of extinction.

I bet nobody saw the charriot go out of trend in 1910, yet look in 2010 almost nobody uses it anymore.

Things change, and one day bitcoin will die too, but i hope it will live atleast 1000 years

It's crap to me, but what I think doesn't count.

It has thousands of years of pedigree but the world is moving so fast now that it might fall out of favour faster than we think, or perhaps the rush to everything virtual will make the tangible that much more attractive.

Whatever happens I won't be owning gold for any reason other than it looking pretty.

Within the last 1000 years gold fell out of favor only twice (strictly speaking only once actually). That were dramatic changes in the human history. Whether or not what happens with our lives today accounts for such yet remains to be seen...

Thats bad logic, its like saying the dinosaurs have only become extinct once.

There has never existed a time in history which was so different than the past. Before the 20th century, everything was almost the same.

More or less: wars, peasants, castles, people talking stories to eachother, average life for everyone even the royalty.

Now: we got cars, internet, radio,tv, and every wonder that you can imagine.

Seriously the 21 century is radically different from the past 1 million years of human history , and this technology has already made like 90% of previous human activities obsolete.

Gold only had a purpuse in a merchant economy, with not high tech alternatives, like the ancient and middle ages and renessaince.

Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.