Is Bitcoin Becoming More Stable Than Gold?

Re:Is Bitcoin Becoming More Stable Than Gold? by teddyh on Tuesday April 19, 2016 @12:22PM (#11528026)

Air is also useful, but you can't claim that there's a minimum price for air. If a cheap way was found to extract gold from seawater, gold would still be as useful, but its price would plummet.

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Re:Is Bitcoin Becoming More Stable Than Gold? by swah on Tuesday April 19, 2016 @12:49PM (#11528261)

Thats seagold, not Tifanny quality!

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Re:Is Bitcoin Becoming More Stable Than Gold? by rm_-rf_slash on Tuesday April 19, 2016 @12:39PM (#11528160)

I'm sure that there will soon be a minimum price for fresh air in smog-choked cities like Beijing.

If someone ever does find a way to extract gold from seawater economically, I wonder what kind of economic contractions would occur? As gold goes down people would lose billions while other safe assets like real estate would go through the roof. If we too-heavily rely on crypto-currencies, the same could certainly happen.

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Re:Is Bitcoin Becoming More Stable Than Gold? by paulgb on Tuesday April 19, 2016 @01:07PM (#11528402)

> I'm sure that there will soon be a minimum price for fresh air in smog-choked cities like Beijing.

http://www.cnn.com/2015/12/15/asia/china-canadian-company-se...

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Re:Is Bitcoin Becoming More Stable Than Gold? by lisper on Tuesday April 19, 2016 @12:34PM (#11528128)

But it would still not drop to zero.

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