[oleganza]

The bet is that advantages of Bitcoin over risks of gold outweight risks of Bitcoin and advantages of gold.

Today 90% of the economy needs connection and international trade. We rely on networks, computers and cryptography to support our lifestyle, remote labor, airplane travels and so on. Gold is almost useless for that. It's not programmable, it's not transferrable easily, there's a lot of risk and we all tried it already and we ended up with central banks having all the gold, promising none of the gold and printing tons of paper money which is backed by a promise to pay interest by issuing more of these promises. Small guys can't earn a lot of gold. It's way too easy to confiscate or control for someone who is bigger than you.

It's time to try something different, more suitable for modern era.

[hatu]

Gold has kept it's value for thousands of years, maybe tens of thousands. It's a bit silly to compare the two.

[stevedekorte]

Paper also had great value for document storage for thousands of years.

[scotty79]

It's better to compare gold with horses an bitcoin with railroads.

[oleganza]

The internet was around for 20 years and paper books for centuries. Who needs paper anymore? You can sign contracts with a digital signature in a more secure manner than with a drop of an ink.