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I'm failing to see the relevance of the price of gold to the bitcoin discussion.
by redthrowaway 15y ago
I'm failing to see the relevance of the price of gold to the bitcoin discussion.
- william42 15y agoHe's probably trying to claim that the 10x increase in the price of gold over the past ten years is a 10x decrease in the value of the USD rather than a speculative bubble in gold. (And even if it were, it wouldn't be remotely comparable to the 10x decrease in the value of Bitcoin over the past three months.) As a sidenote, that's a terrible graph(as are most graphs of this nature). There's a wonderful technology called a logarithmic plot for that sort of thing.