Quote from: evoorhees on March 05, 2012, 03:11:39 PM

Quote from: fellowtraveler on February 23, 2012, 10:12:02 AM

The next time one of you gets an opportunity to explain Bitcoin to Peter Thiel, please give him more of a "big picture" view of things, and don't let him go astray down the primrose path where people still think of Bitcoin and Gold as "one or the other" sort-of-things, when in fact each has unique properties, and its own part to play in a larger, overall vision.

Fellowtraveler - your post regarding gold and bitcoin was one of the best I've seen. Really well stated, and absolutely correct.

Gold and Bitcoin are both valuable due to their specific attributes, some of which are in common and some of which are unique between themselves. Far from being mutually exclusive, they are beautifully complimentary, and anyone who understands the reasons gold is "real" money ought to understand (with a bit of explanation) why Bitcoin is also real money, and vice versa.

yeah, i remember Fellowtraveler making a key argument last Spring on a podcast about the "liquidity" of Bitcoin. he actually uses the term in an incorrect manner if you're thinking in financial terms but i understood him quite well in meaning that Bitcoin can move around the globe seamlessly and instantaneously without friction. i like his way of thinking and totally agree.