Bitcoin World’s 30th Largest Currency, Market Cap Closes on Mastercard

Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by twelve40 on Monday November 27, 2017 @05:10AM (#15786210)

imho the biggest difference is: gold is currently the preferred reserve by the world governments, which hold 30k tons, including the government with the largest military in the world. There is a chance that those in power will put a bit of effort to keep it more or less stable.

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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by gonvaled on Monday November 27, 2017 @09:41AM (#15787647)

Actually, it is debatable how much gold does the USA hold: audits are not allowed.

Germany was recently "discouraged" of claiming their gold reserves back.

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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by down on Monday November 27, 2017 @05:13AM (#15786230)

and they store it because there is a market for it, because people find it valuable, if the millennials don't get why a piece of metal has value, there isn't much governments can if no one buys their shiny metal.

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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by guitarbill on Monday November 27, 2017 @05:26AM (#15786286)

except when it's e.g. required to manufacture the electronics these millennials use. gold might be over-valued in your opinion, but it has intrinsic value, unlike bitcoin.

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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by twelve40 on Monday November 27, 2017 @05:24AM (#15786271)

oh, right, millennials

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