Re:In praise of cash
by M_Grey on Friday March 03, 2017 @07:30PM
(#13788288)
You can't pay in Bitcoin or gold either, yet both are incredibly popular.
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What is the annual volume of gold transactions, compared to the annual number of USD transactions? Hundreds of thousands, versus trillions? Is there anyplace in the country where I can pay my green-grocer with gold?
Describing gold as an incredibly popular currency makes alternative-facts look honest.
We're talking about a hypothetical cashless future, and your argument is that right now, this isn't the case.
...
And you're conflating store of value (Which gold is... An OK one) with currency.
A currency is a store of value, but a store of value is not necessarily a currency. Gold, as a currency, has terrible properties.