3 ms·

Isn't that a big shift to expect given gold's track record as a store of value going back to almost the beginning of recorded history?

• eladgil 8y ago
  It is a big shift and I could be wrong. However, horses are also something we used for transportation going back to the beginning of recorded history... (lots of other examples too). Crypto has a lot of aspects that make for a superior store of value (easy to move, seizure and censorship proof etc). Obviously, also has some drawbacks too like difficulty to custody...
  • kamarg 8y ago
    I feel like the recent 51% attack against Etherium shows that seizure and censorship proof isn't strictly true.
    • wmf 8y ago
      Note that there was a 51% attack against ETC which is not Ethereum (ETH). ETC already had very little usage and was known to be insecure before the attack.
    • tuesdayrain 8y ago
      Probably less than 0.001% of the population considers ETC to be the "real Ethereum"
      • kamarg 8y ago
        That may be the case but don't pretty much all coins have this potential issue?