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> This is as ridiculous as stating that bitcoin won't replace gold because dental fillings are made of gold. But, that's not ridiculous at all. The point they
by AndrewUnmuted 5y ago
> This is as ridiculous as stating that bitcoin won't replace gold because dental fillings are made of gold.
But, that's not ridiculous at all.
The point they're making is that gold is a raw material that can be simply dug up out of the ground, and then processed to be more useful for us in all sorts of ways. Bitcoin on the other hand, requires gold to even exist in the first place.
The idea that bitcoin is going to replace gold - that is the ridiculous idea.
- gruez 5y ago>The idea that bitcoin is going to replace gold - that is the ridiculous idea. But you're arguing against a strawman. Nobody seriously thinks that bitcoin is going to replace gold in all applications, only for hoarding/reserve purposes. Cars have replaced horses, for all intents and purposes, even though there are still horses around.