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"It is rarely used " ??? If you walk down the street you will see literally hundreds of people wearing it on their fingers as Jewelry. BTW - it even has a hi
by alexasmyths 9y ago
"It is rarely used "
???
If you walk down the street you will see literally hundreds of people wearing it on their fingers as Jewelry.
BTW - it even has a high degree of utility as Jewelry because it does not tarnish.
Also - it has some industrial use.
And yes, it's highly speculative, but nowhere near BTC.
And finally - it's use as a currency predates recorded history, across countless civilizations and cultures. Which counts for a lot of credibility.
- paxpelus 9y agoIf you walk down the street you will see literally hundreds of people owning it as an asset. BTW - it even has a high degree of utility as an asset because it cannot be tampered or destroyed. Also - it has some real life uses (Everledger, MiVote etc.) And yes, it's highly speculative. Imagine the first people using gold as a currency - crazy right?
- dragandj 9y agoIf you walk down the street of my city (population close to 2 million, outside US) you will probably see zero people using Bitcoin. If you are extremely lucky to find one that uses it, it is someone that speculates in it, and never ever thought of using it for "real" transactions.
- AstralStorm 9y agoGold can be tampered with. Debasing gold currencies (and other precious metal ones) has a long tradition. Likewise producing jewellery from cheap substitutes as opposed to 24k. As has plating with it.