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Not really. Half of the value of gold, or thereabouts, relates to its utility as a metal. Bitcoin is purely valued because people believe others will buy it fro

by ttul 6y ago

Not really. Half of the value of gold, or thereabouts, relates to its utility as a metal. Bitcoin is purely valued because people believe others will buy it from them in future at a good price - hopefully a higher price.

doomroot 6y ago
So half the people that use gold are involved in a ponzi scheme?
- ttul 6y ago
  It may also not be correct that Bitcoin is a Ponzi scheme. A Ponzi scheme is, strictly speaking, one wherein the latest investors are used to pay out interest and withdrawals to earlier investors.