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I'm a bitcoin skeptic turning to bitcoin owner. For me, it's worth to look at bitcoin from gold perspective. You can pose similar questions to gold and try to a
by dnprock 8y ago
I'm a bitcoin skeptic turning to bitcoin owner. For me, it's worth to look at bitcoin from gold perspective. You can pose similar questions to gold and try to answer them.
Can I transact with bitcoin/gold?
Is bitcoin/gold a good value storage?
What problem does bitcoin/gold solve?
Is bitcoin/gold solving trust problem?
Any answer for gold can be interpreted for bitcoin. Bitcoin is better than gold in many ways.
Bitcoin, like gold, is real. Crypto technology is real and works. Bitcoin is limited. There's a computer network running to support it. Bitcoin is not tulip.
Gold is still around. I don't think we'd ever ditch it. Why do we value bitcoin? I don't really know for sure. But I feel certain that bitcoin is real. And we need to do more work to understand it.