Quote from: CryptoCurrencyInc.com on February 01, 2014, 09:48:42 PM

Hedge fund boss: Bitcoin over gold? Are you kidding?

Hedge fund manager Paul Singer is "shocked" by Bitcoin's rise, especially given gold's fall.

"There is no more reason to believe that bitcoin will stand the test of time than that governments will protect the value of government-created money, although bitcoin is newer and we always look at babies with hope," Singer wrote in a letter to investors of his $23.3 billion Elliott Management on Jan. 27.

"If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange," Singer added.

http://www.usatoday.com/story/money/personalfinance/2014/02/01/cnbc-bitcoin-gold/5038763/

Gold as a alternative currency, well good luck on that one, ever bought something with gold ? ever bought something with gold online ?

Gold is an excellent store of value but really sucks bad as a currency and that is why it has been replaced a long time ago with paper, you just don't carry gold around to pay for stuff, much too risky and as a merchant you just dont except gold as payment either, you need a lot of expertise to determine whether the gold is real or not and how much gold exactly of what purity your customer is offering you, and even if you have the expertise it consumes a lot of time to check all this, chances of getting conned are just too big. No gold really sucks bad as a currency.

Another quote from the article that was not in the OP:

Quote

"Better yet, it is not just a computer entry in the ether somewhere, and it is currently available at a good price. Bitcoin and its relatives represent an understandable impulse (anti-big-government, pro-freedom, pro-modernity), but we do not see how it actually survives. At least with gold you have to work really hard to dig the stuff up."

Right and with bitcoin you don't ? Think right now it cost more to dig the bitcoin up then it is worth at current market prices, this guy just demonstrated he really has no clue about bitcoin