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Yes, 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
by Udik 9y ago
Yes, 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.