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Gold is not traded on its commodity value. Its been traded for thousands of years because it is durable and difficult to produce. People who believe in Bitcoin
by mattwilsonn888 5y ago
Gold is not traded on its commodity value. Its been traded for thousands of years because it is durable and difficult to produce. People who believe in Bitcoin compromised some sheen to make those two most important attributes tenfold more potent.
- arcticbull 5y ago> Gold is not traded on its commodity value. I understand that, but it has commodity value. > Its been traded for thousands of years because it is durable and difficult to produce. People who believe in Bitcoin compromised some sheen to make those two most important attributes tenfold more potent. Nah, they got suckered into a Ponzi scheme.
- mattwilsonn888 5y agoNo, you do not understand. Bitcoin simply is more durable and difficult to produce than gold. If that's not what you value then fair enough, but don't go around stating your opinion as fact unless you want to be guilty of what you accuse others of doing.
- arcticbull 5y ago> No, you do not understand. Bitcoin simply is more durable and difficult to produce than gold. That's got nothing to do with its price. Nothing is more difficult for someone else to produce than the hair on my head, but that's worthless.
- mattwilsonn888 5y agoBut the security of the network does have to do with the price - directly. Its not something you brought up so I didn't mention it, but now that you resort to it you should know the ABC's of Bitcoin: price is proportional to network security. I'm glad I could argue you down all the way to learn the basics.