Prove the point? Gold is physical. It has chemical properties.
Seriously? We just start taking things out of context, like that? Like silver is different from gold because they are different elements in the periodic table? Right?
Continuing your train of thought we now have to conclude that silver is more like .com domains than it is like gold because silver and gold have different amount protons and electrons, correct?
End of discussion then. I thought we are talking about money, turns out we are talking about geology or chemistry or some other shit. If so, I then obviously have been wrong and have nothing more to say.
Sorry that I offended you, Vladimir. I don't consider bitcoin or gold money. I think of bitcoin as an asset. That's why it is in the title of the thread: "Bitcoins are more like domain names than any other asset"
I consider money to be the sovereign currency in the state that you live in...that I can use at a moment's notice within said nation-state to buy milk.
My only point is that the investment characteristics of bitcoin are more like domain names in 1994-1997 than anything else.
Even the characteristics of the market participants are different: 100% of bitcoin buyers and 100% of domain name buyers have computers.
This is not trivial. Today, the world's largest buyer of gold on an annual basis are Indians. The majority of purchasing is done during wedding season post-Monsoon. Tens of millions of Indians buy gold....villagers, largely rural etc. It is India's second-largest import after oil. One of the reasons why gold is bought is the lack of formal banking in Indian villages and another reason is to be able to transfer wealth to the bride when she joins the groom's family. The vast majority of gold buyers in the world, I would venture, do not have access to a computer. You are welcome to look at the World Gold Council's website:
http://www.gold.orgThe average person buying bitcoin today is a highly-technical person speculating on the future adoption of a protocol. The characteristic of the btc buyer is similar to the domain buyer, online poker player, etc. (And no, I'm not comparing .com domains to online poker.) It is a demographic observation.