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by marcus_chang 3129 days ago
> I mean you cannot (at least to my knowledge) buy burgers with gold/ETFs/Stocks, doesn't the same apply to Bitcoin?

Gold is a store of value and ETFs/Stocks are investment vehicles. Bitcoin is designed to be used as a currency.
1 comments
scalesolved 3129 days ago
Is currency not a store of value?
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marcus_chang 3129 days ago
Not in the same way that gold is. Currencies can experience hyperinflation from increased supply (printing money), but until someone finds the philosopher's stone, gold has relatively stable supply (and subsequently - price).
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scalesolved 3129 days ago
Interesting discussion :)

Gold has a relatively stable supply now but back in history we've experienced several gold rushes that I imagine made prices turbulent. From my limited understanding of Bitcoin the supply is also going to be limited and the mining of coins will become harder and harder.

Seems to fit more along the line of gold than a currency.

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