Re:Bitcoin Bubble Makes Dot-Com Look Rational
by scotty79 on Tuesday November 28, 2017 @06:56AM
(#15796395)
Like people holding gold in the period when gold does not appreciate are left holding worthless chunks of metal?
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Re:Bitcoin Bubble Makes Dot-Com Look Rational
by leereeves on Tuesday November 28, 2017 @07:03AM
(#15796433)
Gold doesn't require a worldwide network of specialized computers to continue operating so it will continue to be useful.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by charlesdm on Tuesday November 28, 2017 @07:05AM
(#15796444)
The internet needs a worldwide network of specialised computers to continue operating. I bet it won't be very useful anymore once we turn those off.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by leereeves on Tuesday November 28, 2017 @07:06AM
(#15796456)
People use the Internet for a lot more than speculation.
What do people use BTC for other than speculation?
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by Chriky on Tuesday November 28, 2017 @07:28AM
(#15796585)
Buying drugs, money laundering, and ransomware
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by spdionis on Tuesday November 28, 2017 @12:08PM
(#15799062)
/s?
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by scotty79 on Tuesday November 28, 2017 @07:11AM
(#15796477)
Gold only requires worldwide network of traders and physically secure holding places and general sense of security so it can change hands.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by leereeves on Tuesday November 28, 2017 @07:14AM
(#15796494)
All that's required to to exchange gold is one person that has gold and another person who wants gold and has something the first wants to trade for it.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by gonvaled on Tuesday November 28, 2017 @07:57AM
(#15796776)
Really? Let's meet, I'll give you gold.
Or: for the majority of people, holding hold, recognizing gold, and exchanging gold is not possible. You need experts for that, and they all take commissions. And sometimes scam you.