3 ms·
What are the benefits of using Bitcoin?
- ams6110 16y ago"Essentially, many of the same things that give gold value, give bitcoins value" But gold is real, tangible. Bitcoins are... bits. Assume some kind of real social upheaval in the future. Computer networks, power grids collapse. Bitcoins will evaporate. Even paper currency will likely be worthless, as its value is not inherent. Or less apocalyptic, assume some clever person figures out how to hack bitcoins and counterfeit them easily. Poof, they are worthless. Gold will always be gold.
- kevin_morrill 16y agoQuestion is what can gold really buy you if society collapses. Yes more than someone who has paper money, but if the energy and transportation industries collapse we're all pretty screwed.
- tzs 16y agoGold has no inherent value, either. Without some kind of government guaranteeing that gold will work as money, I'm not giving you anything of actual value (like food, fuel, livestock, weapons, or ammo) in exchange for gold in the post apocalyptic world.