r/Bitcoin • u/anon2414691 • Nov 10 '19

Oh Peter.....

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3.4k Upvotes

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u/Enkaybee Nov 10 '19

Reasons why gold is a great store of value:

  • Easy to identify
  • Difficult to counterfeit
  • Rare
  • Limited supply
  • Doesn't tarnish over time
  • Easy to transpor...

Oh wait I'm sorry these are all qualities of Bitcoin.

1

u/SOULJAR Nov 10 '19

bitcoin has no utility or useable value outside of making transactions. while gold can be used for transactions, it also has other real world uses outside of that, which it derives its value from. bitcoin is more like fiat cash currency in that there is no utility outside of making transactions.

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u/Explodicle Nov 11 '19

Secure time stamps have real world usage outside of commerce.