gold is backed by thousands of years of history.
Also, gold has some qualities that Bitcoin does not have. On the other hand, Bitcoin does have some qualities gold ddoes not have. They are complementary.
right. I dont understand the negative reaction towards bitcoins by some goldbugs either.
the only chance gold will ever be used for trade again is by receipts issued by a central authority.
we've been there before. no authority can be trusted to not issue more receipts than gold was deposited.
libertarian goldbugs should welcome it anyway as one competing currency among many.