Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin up.
by
tvbcof
on 07/05/2012, 19:07:24 UTC
Bitcoin, on the other hand, is great on the 'exchange' side of the spectrum, but I (seemingly alone) do not consider it a good 'reserve' currency.  Marry the two (or at least get them being regular fuck-buddies) and one has a very robust solution which would be relatively cumbersome for attackers to meddle with.

why do u think it wouldn't fx well as a reserve currency?  nightly settlements btwn nations could occur in an instant unlike gold an no centralized warehouses for bullion would be needed.

Several reasons:

1)  I do not consider Bitcoin to be reliable under what most people consider 'success'.  I do not trust that the infrastructure needed to support the solution under heavy usage worldwide will be maintainable under coordinated attack.

2)  A beauty (in my opinion) of Bitcoin is that it operates at the pleasure of the user base....but user bases can be fickle.