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Very interesting post, but as I'm not going to be buying or selling pot for bitcoin, I'm not sure the concerns are relevant. Seriously, I imagine that the trans

Very interesting post, but as I'm not going to be buying or selling pot for bitcoin, I'm not sure the concerns are relevant. Seriously, I imagine that the transition from currency made of actual gold that was worth its value to symbolic currency, especially notes, was a harder transition than switching from some abstract numbers in dollars to abstract numbers in bitcoin.

imatworkyo 14y ago
remember now - gold has no 'worth' Its only valuable because of its utility as currency, and its standardization as such
- TylerE 14y ago
  That's not true at all. Aside from it's use in jewelry, gold is used in electronics and industrial chemistry. It actually has industrial uses, thus there is a certain floor on it's value.
  - Sambdala 14y ago
    However, that floor (due to industrial/etc uses) is probably in the neighborhood of $10-$20 per Oz, or completely decoupled from the actual price at any given time in written history.
- Peaker 14y ago
  It has some 'worth' as it is useful for making nice jewelry and is a good conductor too.