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RE: My defence of 'The guy that spent 10,000btc on two pizzas', in honour of the anniversary

in #bitcoin • 7 years ago (edited)

Bitcoin is the new Gold it's just a store of value. It's not a competitor to Steem. "No one is using it" is logically incorrect. As I already said it has value because it's backed by people that has invested lots in it. Bitcoin doesn't need to scale. It's still scarce. Same as Gold doesn't need to be moved around.

7 years ago in #bitcoin by
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     7 years ago (edited)

    Ok..you just proved that you have absolutely no idea what you're talking about. You cant compare gold to Bitcoin, because you cant create another gold 2.0. Gold IS scarce. Crypto currencies are NOT. Anyone can create them, and there are hundreds of currencies that are better than BTC.

    Sure, it has first mover advantage and proven security etc. But that is not enough. If it can't scale it will die.

    Incentive to hold gold is in history, peoples mentality and uniqueness. Bitcoin is an open source code. Don't you think gold would be worthless if some alchemist could create gold from rock for a cheap price? Of course.

    And again you dont answer questions when I point out where you are wrong. No point of discussing further.

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