Re: What is the future of bitcoin? Commodity, currency or smth else?
even in gold there is a variable bottom too..
Yes, but it doesn't change based on the demand, whereas in bitcoin if there's less demand, there's tendency to drop its cost of production too, and dozens of other factors similar to gold. The significant part is that gold's cost is not related with its demand; definitely not directly connected. i know you want to cry blue murder about daily and fortnightly variables. but you are thinking short term and only wanting to see short term charts..
look beyond your short term vision...
Difficulty is rather a long-term parameter. Ten years ago, you could mine a block with a GPU. Currently that's definitely not feasible. That's because of the demand. On the other hand, gold, while not varying much from its 2012's market value, has still the same cost, regardless of its demand. look beyond your short term vision...
But, yeah, what does that idiot, alt-girl has to provide to this discussion anyways?
