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by bawolff 1923 days ago
Its a failure if you want a stable store of value heged against inflation, which is what gold is. That doesn't make bitcoin a failure in general, just not suitable for the same purpose gold is. Same way stocks are not used for the same thing gold is.

> it's very accessible and in this age information is quick and erratic.

That seems like an untrue statement. Assets like gold are very easy to buy, depending on where you live (and laws against bitcoin) probably much easier than bitcoin which has weird laws restricting it.

1 comments

Its a failure if you want a stable store of value heged against inflation, which is what gold is.

That may have been true in the past but not likely to be the case going forward.

Stable is in the eye of the beholder; over the coming years, much of the $10 trillion dollars of the gold market will flow to bitcoin.

Just in general, Bitcoin is kicking gold’s ass:

    $1 Invested in Bitcoin vs Gold over 11.4 years
Bitcoin:$71,133,300.00 | Gold:$1.66

https://charts.woobull.com/bitcoin-vs-gold/

I dont think you understand what the word stable means. If you are appreciating significant value, its not stable.