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A comment on Ask HN: When will cryptocurrencies be currency?. Parent comment
I see, the correct version would be: Fiat currencies [...].
> My point is that gold has similar properties to Bitcoin.
I agree with your point.
> Why can't the current design of cryptocurrencies be just like gold, only more convenient?
Cryptocurrencies are a lot like gold. But as you said, gold is around for centuries. Can you bet 10 million USD that bitcoin will be around next year?
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I see, the correct version would be: Fiat currencies [...].
> My point is that gold has similar properties to Bitcoin.
I agree with your point.
> Why can't the current design of cryptocurrencies be just like gold, only more convenient?
Cryptocurrencies are a lot like gold. But as you said, gold is around for centuries. Can you bet 10 million USD that bitcoin will be around next year?