It's not "goldbug" vs "paperbug" so much as "the value of ANY currency is an illusion" versus "the value of gold is real, but that of paper is an illusion". (M

It's not "goldbug" vs "paperbug" so much as "the value of ANY currency is an illusion" versus "the value of gold is real, but that of paper is an illusion". (My favorite example of this is the post apocalyptic scenario -- I fill my bunker with guns and food, you fill yours with krugerands: who wins?) This is the problem with the bitcoin crowd -- they're trying to replace "gold" with something "even better" not realizing that this is a blind alley.