Post
Topic
Board Bitcoin Discussion
Re: Fuck: SegWit, LN, Blockstream, Core, Adam Back, and GMazwell
by
jonald_fyookball
on 27/03/2017, 20:15:06 UTC

Gold's dominance is predicated upon nearly 4000 years of acceptance in every commercially-connected location on the planet - to this day, you can exchange gold for local money in nearly any city at almost the same exchange rate.  Doofus-spammer's theory that Bitcoin doesn't need tx volume because it will function like gold ignores the obvious discrepancy between Bitcoin's 8-year, unstable, and limited-acceptance history and gold's massive scope.
 

Well said.  Bitcoin is only slightly beyond tulip bulbs in the eyes of the old establishment.  Without great utility (fast transactions, low fees) it is highlly unlikely to remain a dominant cryptocurrency, let alone a gold-like store of value.