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Gold was a multimellenial currency that then became an international standard. It’s not volatile. It still is treated as a store of value to combat inflation an
by fny 2y ago
Gold was a multimellenial currency that then became an international standard. It’s not volatile. It still is treated as a store of value to combat inflation and currency debasement.
Bitcoin is not a currency. No one uses it as a medium of exchange. It’s a speculative asset that behaves like a kangaroo on crack.
- Yiin 2y agoone could argue bitcoin is used as a currency considerably more often than gold, so I'm not sure what your point is, as all the arguments against btc you can apply to gold just the same (except time, obviously)
- npoc 2y agoComments like this remind me that we are still so early. What properties of gold do you think led to it becoming globally recognised as good money?