Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 12/08/2015, 18:08:37 UTC
This is a fundamental disagreement on the value of Bitcoin then which IMO is first SOV then payment network.
There is no such thing as a store of value.

You've described the religious approach to understanding money.


I kinda knew you'd pop up with this argument.

The point is Bitcoin is nowhere near ready for adoption as retail transactional currency.

Not unlike gold, most bitcoins are currently sitting untouched in vaults paper wallets. It is by all evidence not a consumer product as it stands and we should not expect it to gain adoption because of the features of its payment network, at least not anytime soon.