4 ms·
Yeaaaa well when bitcoin crypto gets broken, gold will still hold the same value. gold has actual physical value, not because its shiny but because its useful.
by zobzu 14y ago
Yeaaaa well when bitcoin crypto gets broken, gold will still hold the same value. gold has actual physical value, not because its shiny but because its useful.
In fact, we need gold to generate bitcoins :)
- brazzy 14y agoExcept the useful value of gold is probably around 1% of its market value, and when we start mining asteroids (http://baselinescenario.com/2011/09/23/the-price-of-gold-in-the-year-2160/ http://baselinescenario.com/2011/09/23/the-price-of-gold-in-... ) that market value will plummet.
- tlrobinson 14y agoIf ECDSA is broken we'll have lots of other problems too..0. But given enough notice (the imminent development of quantum computers, etc), it's possible to migrate Bitcoin to another crypto algorithm.
- illuminate 14y ago"gold has actual physical value, not because its shiny but because its useful" Relatively true, but aside from the catchphrase, that has little to do with the goldbugs' obsession and speculation.