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Store value / Investment. You can buy gold, stocks, foreign currencies as means of investment. You can't pay your restaurant bill with them but that doesn't m
by umurkontaci 9y ago
Store value / Investment.
You can buy gold, stocks, foreign currencies as means of investment.
You can't pay your restaurant bill with them but that doesn't mean they don't have a future.
- mamon 9y agoGold, unilike Bitcoin, cannot be forked overnight with minimal effort, which makes gold much better store of value.
- Balero 9y agoI don't see how this is the case. Ok, so the Fork will have the same/similar technology behind it, and will be distributed to the same people at the beginning. But, it's not like it's being supplanted. Bitcoin will still be Bitcoin. I suppose the real world example would be to send an amount of copper to people with gold, it wouldn't change the value of the gold much. Bitcoin has many issues, but I don't see this as one.
- sowbug 9y agoThe network effects don't go along with the fork. Same if you copied and deployed Facebook's codebase on your own domain.