Post
Topic
Board Bitcoin Discussion
Re: Why Is Getting Bitcoin "Accepted" As A Form Of Payment So Important???
by
gigabytecoin
on 13/03/2011, 21:52:54 UTC
Why try to change bitcoin from what it already is? A store of value.

Personally, I'm not looking for a store of value.  I want a low-cost, non-reversible, resilient means of Internet payment.  Bitcoin does that better than gold or silver, so that's why I work towards its success.

Indeed.  Currencies, in general, make for poor forms of savings.  That's not why they exist.  Bitcoin exists as an Internet cash equivalent, and if performs that function very well.  If you are looking for a store of value, there are much better choices.

Gold is not currency. Not typically at least. I'm talking about gold bullion. What most gold investors purchase and deal in. Nobody is seriously investing billions of dollars buying $500 gold coins...