[fat0wl]

Think about it man, if the Bitcoin delusion ends it is worth nothing.

In a gold-backed online currency if it failed the users could just be beneficiaries of the trust. I'm not saying this is the ideal solution because I think maybe a completely fiat digital currency COULD work, just not with the Bitcoin scheme.

And I'm not saying Bitcoin can't work in the long-run. I'm saying it's not working NOW. It is not performing its intended function... unless that intended function is as a volatile speculator market.

[VMG]

You don't understand the point of Bitcoin. There can't be a decentralized digital currency that is backed by real-world assets. Who guarantees that you're Egoldcoin is worth an ounce of gold?

[fat0wl]

Eh I shouldn't have even bothered with this argument because look... I wouldn't give a s__t about "eGold" either.

(Credit Cards || Google Wallet) > All this junk

The only reason I bothered with the gold argument is because Bitcoin's volatility is its downfall. If it were pegged to a real-world asset this would essentially be solved. But credit cards already do this -- they are pegged to bank accounts.