Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Erdogan
on 31/10/2014, 01:00:18 UTC

I'm going to quote Justus again  Smiley
Currencies only have value if people use them, so there is no way for Bitcoin to have / behave as a store of value in the long term except as a direct consequence of its use as a medium of exchange.
...

Using a properly implemented sidechain IS using Bitcoin.



+1

you sure are one desperate dude.

justusranvier: Fundamental misconception here. The urge to hold, and only that, is the source of the value of money. The demand and supply are the wish to hold (expressed as bid for bitcoins on an exchange or elsewhere) and the wish to hold less (as expressed as bid for fiat on an exchange or a bid for some good).