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RE: An ounce of Gold or an ounce of Bitcoin?! (Contest Inside!)

in #bitcoin7 years ago

They both weigh the same. A key difference between gold and BTC is BTC isn't being manipulated by naked shorts and paper contracts. If everyone with a paper claim tried to get their physical share in gold, there would be a short squeeze and the price of gold would explode.

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Now that derivatives markets are opening up to Bitcoin, I am not sure how much longer the same won't be said for Bitcoin. Regarding your answer... incorrect :)