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Gold and gems can't be instantaneously and safely transacted over the internet. Name-calling cryptocurrencies "primitive" when they're clearly not doesn't lend
by zik 9y ago
Gold and gems can't be instantaneously and safely transacted over the internet.
Name-calling cryptocurrencies "primitive" when they're clearly not doesn't lend a lot of weight to your argument.
- Udik 9y agoYes, bitcoin is better than gold in that it's virtual and can be transferred over the internet. But that doesn't change the fact that it's a store of value like gold is, and not a currency. > Name-calling cryptocurrencies "primitive" I called gold primitive as a currency. And made an argument for bitcoin (specifically) being similar to gold. Edit: btw, gold 500 years ago had the same exact property of bitcoin today: it was immediately transferable to anybody you were in contact with and could buy goods from. That didn't make it better.
- usrusr 9y agoBTC cannot be instantaneously transacted at all, over the internet or otherwise.