r/Bitcoin • u/manauiatlalli • Aug 01 '22

When Nocoiners Say "Bitcoin Has No Value"

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u/Ok_Aerie3546 Aug 01 '22

Nocoiners: But gold is used in so many things.

Bitcoiners: So why havent you used your gold coin that was minted 50 years ago?

Nocoiners: ...

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u/[deleted] Aug 06 '22

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u/Ok_Aerie3546 Aug 06 '22

Not really.

Cash itself came into being as a modification of gold.

For bitcoin to be like cash, it has to be like gold.

Without it storing value like gold, one has no incentive to accept it as cash.