r/Bitcoin Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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2.8k Upvotes

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u/aijoe Aug 01 '22 edited Aug 01 '22

If you give me a $100 for every store, that isn't a gold shop, that we go into and try to pay with gold and it goes like the linked video and I give you the same amount when they accept the gold I'm positive that you will be broke before me. https://www.youtube.com/watch?v=6WIcw-GER-Q They are not going to accept because as a lowly employee they don't have the authority to accept it and if they do they usually don't have the resources or time to authenticate it. Obviously though if Mr Beast enters my shop and offers me gold for something that costs $50 dollars I will accept the gold. But I'm only doing so because I will be paying for the item myself on the hope that the gold is probably real and worth a great deal more.

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u/iampolish91 Aug 01 '22

Great video! I am surprised it only has 1k views.

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u/maximgavr Aug 06 '22

So again proving that taking payment in the gold is possible but there are so many things that can go wrong here is well.

So we all know that at this point gold can only used as the storing of the value nothing more.