I think we all know on some level this is worthless, simply a gambling toy. At least with gold you can melt it down and make something pretty.
No, we don't know that, it has value - the electricity and processing power invested into creating it. As for gold, you can also melt bronze and make something pretty, so the value of gold should be about $1 per pound by your own valuation.
GOLD PLATES THE CONTACTS ON THE HARDWARE THAT MAKE BITCOIN POSSIBLE.
NO GOLD = NO BITCOIN
I would love to see gold at the price you suggest because the miners wouldn't be mining it.
Bitcoin would be no more.
That is a desperate argument against Bitcoin. Sorry Sir Alpha Goy but you have lost and no one is listening to you anymore. The people in the community are listening to what matters more and that is the market. It is telling us to hold because we will be having a good ride. It will also be good to buy the dips on the way up at +$1000. Enjoy your gold.