4 ms·

You can't pay in Bitcoin or gold either, yet both are incredibly popular.

• vkou 10y ago
  What is the annual volume of gold transactions, compared to the annual number of USD transactions? Hundreds of thousands, versus trillions? Is there anyplace in the country where I can pay my green-grocer with gold? Describing gold as an incredibly popular currency makes alternative-facts look honest.
  • M_Grey 10y ago
    We're talking about a hypothetical cashless future, and your argument is that right now, this isn't the case. ...
    • vkou 10y ago
      And you're conflating store of value (Which gold is... An OK one) with currency. A currency is a store of value, but a store of value is not necessarily a currency. Gold, as a currency, has terrible properties.