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Ranked by value. I don't get how "mere speculation" is considered a bad thing, or makes bitcoin irrelevant. IF it's digital gold right now, fine. Its gold tha
by rothbardrand 9y ago
Ranked by value. I don't get how "mere speculation" is considered a bad thing, or makes bitcoin irrelevant. IF it's digital gold right now, fine. Its gold that costs nothing to store, and very little to transport, unlike actual gold.
Gold has a market cap of $8T. If that's the use case bitcoin ever has, it will still ultimately be worth $380k each if it grows to bitcoins size... and it has several advantages over gold.
Is gold worthless because its "merely speculative"??
- vannevar 9y agoI didn't say Bitcoin was worthless, it clearly is not. But it is not a viable currency yet. Gold is also not much used as currency anymore, though it once was.