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A comment on Krugman on BitCoin. Parent comment

Re:Krugman on BitCoin by Robin_Message on Wednesday September 07, 2011 @12:25PM (#2970132)
The monetary value of gold is in excess of its intrinsic value — exactly like Bitcoin. It's only a question of degree. And "shiny things" as a motivation for mining explains gold and Bitcoins.
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Re:Krugman on BitCoin by shivak on Wednesday September 07, 2011 @02:07PM (#2970652)
Yes, but the reason why is not exactly the same. That point is lost on Krugman, who equates gold and Bitcoin on that basis.
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