Post
Topic
Board Bitcoin Discussion
Re: Ron Paul says Bitcoin is not "True Money".
by
CryptoDomains
on 18/04/2014, 19:41:15 UTC
It isn't about tech, it is about hard, gold is hard, printing paper to infinity or creating a digital form, mined or not that can keep being duplicated is just as bad, maybe easier. If a government or group can simply create money again but in a different shape with no REAL backing like gold, what is the difference. You have simply used a different form to mask the same problem.

That is the issue, age is not, understanding is.

Actually it's about religion-- christians have always loved gold and that's how Ron Paul's grandpa prolly got land off the Lakotas.

Might be true however the world since time has valued gold, Christian or muslim (Countries have seasons dedicated to its buying as storages of wealth), never been worthless, never will be. Something else a digital currency cannot promise. It is insurance you can hold.

Don't get me wrong, bitcoin has advantages, ease, fee's etc but it will never be what gold is or was. I don't think it was ever ment to be compared any ways.