Post
Topic
Board Economics
Re: Why bitcoins are dropping, and will continue to do so
by
Ratman2050
on 05/07/2011, 19:04:34 UTC
how is bitcoin different from silver? when you give your silver to someone, it's gone. no proof, no chargeback. just like bitcoin. your argument was?

Not really.  Silver can't be hacked or lost due to tech problems or power outages.  It has real world uses that guarantee it will always hold some value.  It doesn't depend on a computer for it to exist.

No one can predict the future with 100% certainty, but the probability of the internet disappearing is slim to none. In most developed countries power outages are rare. That's what laptops and phones are for. Not only that, but even if something like a hurricane took out an entire state, the rest of the world would be fine.