3 ms·
Sure, but the OP saying “bitcoin isn’t a currency” isn’t accurate. It’s a currency that happens to be popular as a store of value. It was designed to be a curr
by KoftaBob 5y ago
Sure, but the OP saying “bitcoin isn’t a currency” isn’t accurate. It’s a currency that happens to be popular as a store of value.
It was designed to be a currency, and so for it to be good at that design, it should do currency things well, like broad support from point of sale systems.
The fact that gold doesn’t have broad support from POS systems is irrelevant to its intended purpose in that context, of being a store of value.
Their analogy doesn’t work because they’re comparing what bitcoin was designed to do, with what gold isn’t designed to do.