Post
Topic
Board Speculation
Re: Will Gold and Silver lose all its speculative value to Bitcoin?
by
Coinseeker
on 22/11/2013, 01:01:21 UTC


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

Well if Bitcoin doesn't become stable, it will never find usefulness as a currency. It will merely be a digital store of value. Gold has survived every type of fiat ever created.  I think comparing Bitcoin to Gold is honestly, wishful thinking.  As I said, gold requires nothing to exist.  Bitcoin, at it's most fundamental level, still has "counter-party risk".  Thus, I don't think the two can accurately be compared.  They are completely different.  That's not to say, many gold speculators wont jump on Bitcoin.  It's highly possible they will.