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Another nutty Bitcoin article, equal parts nonsense and hype. Don't forget that ownership of gold can be transferred digitally just like ownership of Bitcoins.

Another nutty Bitcoin article, equal parts nonsense and hype. Don't forget that ownership of gold can be transferred digitally just like ownership of Bitcoins. A real investor would know that already. Plus it's a false dichotomy to claim that because Bitcoin becomes valuable gold must become valueless. Both can have value. Finally, Bitcoin is subject to substitution replacement (by altcoins) or technological obsolescence (by someone inventing a better coin), but gold just isn't, since it is one of the fundamental chemicals of the universe.

oleganza 13y ago
"Digital ownership" of gold is a lie. You own promise, not the thing. You can own bitcoin and can do that in a way that no one can access it except you. It's easy to prove: you can create a random key, move some money there and erase that key from everywhere. Now that money is not accessible by anyone forever. Ability to destroy stuff is what ownership means. If you lock up gold in a vault, it still can be cracked and opened. If you trust some bank to store gold for you, they own it and promise to deliver it when you want. But you own promise, not gold. And that promise was constantly broken by banks and governments throughout history. http://blog.oleganza.com/post/67362431718/you-can-own-bitcoin-you-cant-own-your-dollars http://blog.oleganza.com/post/67362431718/you-can-own-bitcoi... On altcoins: http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money http://blog.oleganza.com/post/54121516413/the-universe-wants...