Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin TOO!
by
BitSlut69
on 17/04/2013, 02:44:07 UTC
Im surprised to see so much gold hate by people who like bitcoin. BTC is easier to spend snd transfer, but like gold its value is not based on its inherent value. What is a 256 bit private key, some bites on a computer worth?

The value of each comes from their inherent property. Scarcity, inability to make forgeries, transferable, and easy to store. Why maintain vehicles, property, etc when you can just hold onto a few bars of gold or some BTC?

They serve the same functions for the same reasons. BTC has more ease of use, but gold is more stable and longer tested as a commodity that serves as money.