Re:Bitcoin's Use in Commerce Keeps Falling
by guiomie on Sunday August 26, 2018 @01:26PM
(#17846817)
Can't figure out if this is sarcasm...
[ Parent
| on HN ]
Re:Bitcoin's Use in Commerce Keeps Falling
by guiomie on Monday August 27, 2018 @12:11AM
(#17849387)
I'm surprised about the downvotes, for me the following arugments can't be taken seriously?
"gold is pretty easy to find, not that hard to buy for the average consumer; BTC is anything" ... You can buy BTC with your credit card no KYC needed or you can mine it yourself. Are you gonna start mining gold? If you want to buy to gold you need a trading account, or you order gold and it gets delivered to you, not as simple as buying BTC at all.
"gold is physical in form and securing it is not hard" ... You need a safe and/or insurance, much more complicated then using a password/cold wallet.
"gold at least has some kind of floor value" ... The floor value is really small if you remove the speculative aspect of gold.