Post
Topic
Board Economics
Re: Bitcoin or gold?
by
deisik
on 12/08/2015, 14:15:26 UTC

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 Smiley

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...