Quote:
Originally Posted by Coup
Gold will likely never be completely worthless because it has many actual real world uses other than just jewelry. That's why it IS NOT intrinsically worthless. It will most likely always have a value.
http://en.wikipedia.org/wiki/Gold#Applications
The same can't be said about Bitcoin. Bitcoin has no other possible use except as an intangible object of speculation and that is why it is likely to fail in the long term. |
the industrial application of gold are moot, it's miniscule.
bitcoin was not designed as an investment vehicle, it's a currency, not a commodity.
digital currency won't fail in the long term. might not be btc, but it's silly to transact analog in a digital world.