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I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical? I mean you cannot (at least to my knowledge) buy burgers
by scalesolved 9y ago
I don't own any Bitcoin nor have I ever but why would being a burger with it stop you being sceptical?
I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?
- marcus_chang 9y ago> I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin? Gold is a store of value and ETFs/Stocks are investment vehicles. Bitcoin is designed to be used as a currency.
- scalesolved 9y agoIs currency not a store of value?
- marcus_chang 9y agoNot in the same way that gold is. Currencies can experience hyperinflation from increased supply (printing money), but until someone finds the philosopher's stone, gold has relatively stable supply (and subsequently - price).
- scalesolved 9y agoInteresting discussion :) Gold has a relatively stable supply now but back in history we've experienced several gold rushes that I imagine made prices turbulent. From my limited understanding of Bitcoin the supply is also going to be limited and the mining of coins will become harder and harder. Seems to fit more along the line of gold than a currency.
- deleted 9y ago[deleted]
- hkmurakami 9y agoYou used to be able to buy burgers with gold.
- AstralStorm 9y agoActually in some places you still can buy burgers with raw copper and iron. And the metals are quite easy to exchange for any currency.
- muzani 9y agoBecause it is designed to be a currency. If it fails to be a currency, it's essentially a scam. Maybe a middle line would be digital currency, like buying stocks, gold, books online. It's a good sign that I can make international purchases now though.