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A comment on Visa May Add Cryptocurrencies to Its Payments Network, Says CEO. Parent comment

Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by daptaq on Sunday January 31, 2021 @05:22PM (#25983170)
> Digital crypto assets like Bitcoin or Ethereum will exist alongside them. Bitcoin can be an asset like gold, of which users keep a portion of their networth to protect from economic uncertainty.

Seems improbable, as it is far less stable than Gold. From what I see, it is almost never used as a currency, and almost always as a speculative asset. The main indicator for me is that Bitcoin is always measured in Dollars (or some other fiat currency), instead of having some value that it taken to be it's own. Have you ever heard someone say "This bike cost me 0.63 Bitcoin"?

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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by nr2x on Sunday January 31, 2021 @05:34PM (#25983282)
How much gold only exists on paper? Once people realize there is more in paper than in vaults that stability may evaporate. The Germans move their physical gold out of the US for a reason
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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by delaaxe on Sunday January 31, 2021 @05:53PM (#25983419)
The issue is apparently way worse with silver
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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by delaaxe on Sunday January 31, 2021 @05:52PM (#25983415)
Gold is also almost never used as a currency. BTC's product market fit is store of value, not medium of exchange
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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by doggosphere on Monday February 01, 2021 @11:42AM (#25990257)
Gold was a currency. It evolved from rocks in the dirt, to gold coinage, to paper coupons, to whatever the hell instrument it is today.

You stored your gold in a bank, and the bank gave you paper coupons to redeem it. People traded the coupons because it was easier than trading the gold. This is the birth of modern day banking.

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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by brianobush on Sunday January 31, 2021 @11:38PM (#25985592)
How is gold stable? Have you seen it in the last year? The last ten? Hardly stable IMO.
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Re:Visa May Add Cryptocurrencies to Its Payments Network, Sa... by chillwaves on Sunday January 31, 2021 @05:24PM (#25983191)
And how do you measure the value of gold?
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