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Yeah ok but this is not regional, this is global. It has done quite well so far and I can't think of a better global currency with no one controlling it and wit

• coldtea 13y ago
  >It has done quite well so far and I can't think of a better global currency with no one controlling it and with the same utility as today. Well, how about gold? >Maybe gold a long time ago but still doesn't fully compare Why not? In addition you have: a) no logs b) no reason to trust some advanced crypto stuff (that might collapse 10 years from now due to some hole/collision/whatever discovered in the algorithms). c) acceptable everywhere already Oh, and it doesn't lose 70% of it's value in 2 days, like BitCoin has done in the past (from what I read).
  • blueblur 13y ago
    Gold is heavy, easy to counterfeit with (cheap) tungsten, difficult to take across borders, easy to steal, etc. Bitcoin won't be so volatile after it has been more widely adopted. And the "advanced crypto stuff" of Bitcoin can never collapse. It is already partially post-quantum and was designed to be easily upgradeable to fully post-quantum algorithm set. You would do yourself some good if you took a minute to learn some things about crypto.