Post
Topic
Board Economics
Re: Gold exist 1000+ years. while bitcoins exist 10 years.
by
BillyBurns
on 01/07/2019, 14:13:20 UTC
The logic behind the OP is laughable. Before silver coins were minted 2,000 years ago, iron spits were used as a form of money in Greece. Now are you going to say that iron has existed as a form of money for 2,000 years and Bitcoin has existed only for 10 years? IMO, the duration is of little relevance here. On a technological viewpoint, Bitcoin is the most advanced form of money.

Bitcoin has never been money. Until goods and services are paid and accepted in bitcoin and loans are made in bitcoin terms it is not money.