Quote from: DannyHamilton on December 20, 2013, 12:46:34 PM

BTC has real value due to being a usable concept with real rarity.

BTC is at the moment just a concept.
Until it recieves widespread adoption it has very little value.
It's "rarity" will not be reached until 2140? aka we will all be dead before all the bitcoins are mined.

Quote from: DannyHamilton on December 20, 2013, 12:46:34 PM

The only reason you want a gold wedding ring and not a copper one is because gold is rare. If copper were rare and gold were plentiful, then gold wouldn't have any more "real value" than copper has today. Value is determined by supply and demand. It doesn't matter if you are talking about gold, or bitcoin. That economic principal isn't any different.

No, Gold is used because unlike iron it will not rust.
Unlike copper Gold will not turn your finger green.
Gold makes better jewelery that lasts longer.

Quote from: DannyHamilton on December 20, 2013, 12:46:34 PM

And I meant what I said. Bitcoin is a precious concept that has rarity, only so much bitcoin available.

Yep, 21million bitcoins that will not be mined till 2140.
I will be dead long before Bitcoins are actually rare.

Where can I spend a BTC?
Can I buy a burger for BTC?
Can I trade a BTC for a beer?

On the other hand I could easily trade a gold necklace for a keg,
Or a few bags of burgers.

Quote from: DannyHamilton on December 20, 2013, 12:46:34 PM

Gold is the goto metal for wedding/engagement rings only because it is rare.

I refer back to my previous statement.
Please educate yourself.

Quote from: Rassah on December 20, 2013, 06:18:37 PM

You must be new here. http://www.whyisntbitcoinworthless.com

Bitcoin has more value outside of its use as currency than gold does.

Right, It has a bunch of nice qualities for a currency, and nothing you can spend that currency on.
At the moment you can basically buy drugs with bitcoins or gamble with bitcoins.

You should check that site yourself.
It lists currency related attributes.
Gold is the most noble of the noble metals, the idiocy of you BTC fanatics appalls me.