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Bitcoin hasn't yet proved it can do either 1 or 2 yet. If it succeeds in either it will do better than gold is currently doing as currency. But I wasn't tryin
by grovulent 14y ago
Bitcoin hasn't yet proved it can do either 1 or 2 yet. If it succeeds in either it will do better than gold is currently doing as currency.
But I wasn't trying to measure currency dick size. I was just making the point that not being good at 2 doesn't necessarily hurt its ability at 1.
- fnordfnordfnord 14y agoA person who bought ~1600 USD worth of bitcoin last year instead of an OZT of gold would be quite pleased with the performance of bitcoin in category #1.
- leishulang 14y agoThe other way, 99.999999% or more of human population disagree with him.
- jcampbell1 14y agoI wasn't disagreeing with anything you said. I was trying to tighten up the language around "what is a currency". From a conceptual level, BitCoin is much more currency friendly than gold due to both divisibility and ability to process electronic transactions.