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A comment on Why I want Bitcoin to die in a fire. Parent comment

Re:Why I want Bitcoin to die in a fire by kalleboo on Wednesday December 18, 2013 @11:42PM (#6932925)
> The reason for this is really very simple: there's no one at the tiller, printing money to tamp down the speculation

So who's printing gold to temp down the speculation in that? Or what makes gold different so that it doesn't need a "central bank"?

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Re:Why I want Bitcoin to die in a fire by eli_gottlieb on Thursday December 19, 2013 @07:34AM (#6934254)
Gold isn't different. Bitcoin is actually behaving a whole lot like gold.

But, here's the thing: few people have ever suggested that we actually do our regular, day-to-day finances in market-value bullion gold. Instead, it's just considered a good way to back or hedge against actual, managed currencies.

Bitcoin stands a chance, IMHO, if people get off their ridiculous Austrian Economics shtick and start treating it similarly to gold: Bitcoins as hedge against financial shenanigans in other currencies rather than Bitcoins as a way of paying your bar tab.

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