Re:There are now more than 200k pending Bitcoin transactions
by drtillberg on Tuesday December 19, 2017 @07:21PM
(#15965854)
As a store of value, Bitcoin is 100% a play on trust. Bitcoin's scarcity is based on consensus-- in an entirely decentralized network no less! Gold's scarcity is based on physical laws. I don't agree with Jamie Dimon much, but if folks think Bitcoin or any other cryptocurrency is digital "gold," well there are a lot of people buying on a mistaken premise.
[ Parent
| on HN ]
Re:There are now more than 200k pending Bitcoin transactions
by kindfellow92 on Tuesday December 19, 2017 @07:34PM
(#15965913)
Meh, this is essentially a consensus argument which falls flat because gold’s value is ultimately based on consensus.