Hacker News new | ask | show | jobs
by ardy42 1948 days ago
> The argument for gold is that it isn't 100% a speculative investment. According to Wikipedia(https://en.wikipedia.org/wiki/Gold) 50% of gold's use case is in making jewelry and 10% is used for industry. On the other hand, Bitcoin isn't used for anything, except as for a speculative investment, not even as a currency or as a "decentralized PayPal".

Also, Gold has literally thousands of years of cultural precedent as being a "valuable thing." Bitcoin, not so much.