Quote from: cbutters on May 14, 2014, 04:32:46 AM

Quote from: noob2001 on May 13, 2014, 09:14:27 PM

gold is precious and unique

bitcoin is neither

both gold and bitcoin are undervalued imo

Not precious? Not unique? Seriously?

If it isn't unique, please.... Conjure up some of it then... Bitcoin isn't seashells scattered on the beach being used for currency.

Not precious? I've never spent such care protecting my private keys... And people are willing to pay ~450 for it... That's precious.

Gold is unique because the only things which compare to gold are silver or platinum etc.

Bitcoins uniqueness is that it was first to market and has a large community, however the community can be contracted and expanded. Bitcoin is no longer unique because the technology has been replicated.

Bitcoin is scarce, but I wouldn't say bitcoin is precious, because you cannot see or hold it.