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A comment on Cryptocurrency chaos as China cracks down on ICOs. Parent comment

Re:Cryptocurrency chaos as China cracks down on ICOs by alexasmyths on Wednesday September 13, 2017 @02:04PM (#15240875)
"My point is, it's really just convention. So, the same logic applies to bitcoin."

Not quite ...

Gold is a 5000 year old convention - across cultures, languages, geographies and epochs.

BTC is a few years old, and nobody really cares about it that much.

Yes - they are essentially 'conventions', but they're so different in that regard they are hardly comparable.

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Re:Cryptocurrency chaos as China cracks down on ICOs by vasilipupkin on Wednesday September 13, 2017 @02:24PM (#15241113)
yes, these differences are reflected in the market caps. But just cause some convention is 5000 years old, it doesn't mean new convention cannot overtake it. Bitcoin is 7 years old and doesn't seem to be going away.
[ Parent | on HN ]