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Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by zik on Friday December 08, 2017 @10:30PM (#15884125)
Gold and gems can't be instantaneously and safely transacted over the internet.

Name-calling cryptocurrencies "primitive" when they're clearly not doesn't lend a lot of weight to your argument.

Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by Udik on Friday December 08, 2017 @10:35PM (#15884139)
Yes, bitcoin is better than gold in that it's virtual and can be transferred over the internet. But that doesn't change the fact that it's a store of value like gold is, and not a currency.

> Name-calling cryptocurrencies "primitive"

I called gold primitive as a currency. And made an argument for bitcoin (specifically) being similar to gold.

Edit: btw, gold 500 years ago had the same exact property of bitcoin today: it was immediately transferable to anybody you were in contact with and could buy goods from. That didn't make it better.

Re:Bitcoin: A Peer-to-Peer Electronic Cash System (2008) [pdf] by usrusr on Saturday December 09, 2017 @06:24AM (#15885331)
BTC cannot be instantaneously transacted at all, over the internet or otherwise.