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It is difficult for me to fathom an environment where bitcoin is more attractive than gold or silver. At least outside of the alternate universe of PR that bitc
by Duff 15y ago
It is difficult for me to fathom an environment where bitcoin is more attractive than gold or silver. At least outside of the alternate universe of PR that bitcoin proponents seem to live in.
Bitcoin claims to share the attributes of metals that make it different (ie. immutability, scarcity), but does so in a way that is impenetrable to the average person with the added flair of having do go through anonymous and shady middlemen to exchange bitcoin for an alternate currency in a highly volatile market.
So other than making the early bitcoin users who likely hold most bitcoin rich, what is the advantage of using it over other physical commodities whose use has been established for millennia?
- phildawes 15y agoQuick + cheap to transact over distances without requirement of a trusted third party