2 ms·
Go figure : when you are using a trust relationship between parties to negotiate value instead of just trading in raw goods, you are vulnerable to the destructi
by zanny 14y ago
Go figure : when you are using a trust relationship between parties to negotiate value instead of just trading in raw goods, you are vulnerable to the destruction of that exchange-trust system.
It is why all the people aruging gold is such a better investment than BTC are nuts. If gold dropped its market value overnight by 90%, you would still lose 90% of your potential fiat exchanged currency as if BTC dropped 90%. All gold has going for it is less volitility. If gold ever stopped being a reserve resource rather than a useful metal, you would not get a fraction of what you spent on your gold selling it to industrial plants to make conductive cable out of.