Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - how to protect its value
by
db
on 11/02/2011, 00:08:20 UTC
I think the problem with your comparison is that Bitcoin is not like gold - you can't create gold but you can create any number of Bitcoin clones and they are just as good as original Bitcoin.
Ruthenium is a metal similar to gold, just as rare and would be just as good as money. Still, only gold is used as a medium of exchange. There is no particular reason for that other than tradition and expectations because gold was first.