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Old 03-29-2013, 12:54 PM  
dyna mo
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Originally Posted by DWB View Post
I can only imagine a bitcoin supporter wrote that.



And that is exactly why it is worth something. Because THE ENTIRE WORLD agrees that it is, and they have agreed on this since before recorded history. Bitcoins have been around for like 4 years and are mostly owned by geeks, druggies, and tech savvy pedophiles seeking child porn. That alone should be enough to end the debate.



Perhaps in the western world. Not true in Asia.

Again, this shows the writers lack of global understanding of it all.



Again, not correct. Well, it won't help you against zombies, but if you research any financial collapse, gold was used for bartering and currency in every one of them. But he is correct in saying btc won't help you, because btc is over should the power ever go out.

At least you can hold a metal like gold. It exists in the real world. You can even kill someone with it if you need to. There is something to be said for that, and that is why the entire world trusts gold, and always has.



When Russia, China, India, the USA, central banks, and the global elite start stocking up on bitcoins, then the argument can be had that it is as good as gold. Until that happens, it's an online phenomenon that could end tomorrow or in 10 years. Make money while you can, as much as you can, and kudos to you for doing it, because the odds are not in its favor for long term survival.

That said, the concept is brilliant. We should have a competing currency. Maybe it's not btc, maybe it will be, but something needs to happen. Somehow the gov finds a way to shut down every one that even tries.
certainly good points made.

what do you think about the scarcity comparison, the author seems to think that is a critical component to the success of both gold and (potentially) btc?


also, can you really buy at a local store with gold? how do they check the gold content?
not doubting you, just curious.
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