Post
Topic
Board Speculation
Re: Will Gold and Silver lose all its speculative value to Bitcoin?
by
wachtwoord
on 22/11/2013, 00:53:50 UTC
Gold is tangible.  Bitcoin can aspire to tap into the gold market sure, but gold is still a better store of value because it requires nothing to exist.  Bitcoin will always require electricity.

Tangibility is actually an undesirable property. Time will show everyone because superior currencies will win in the end.

True, we will see but gold is not trying to be a currency.  It's store of value. 

People will see that that's actually the same thing. This is why fiat "currencies" are so incredibly bad currencies.