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0 pointsfreewilly10405y ago0 comments

This argument doesn't really refute the argument for bitcoin as digital gold. It's not as though you can't exchange bitcoin to pay your taxes.

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Gold has an intrinsic use value. Maybe not as high as its current monetary value, but it isn’t zero.

Bitcoin has no floor. You can only exchange bitcoin for taxes if someone wants the bitcoin.

Gold is intrinsically scarce. You can't fork gold and have Gold 2.0 which has the exact same properties of the original Gold.

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Gold has an intrinsic use value. Maybe not as high as its current monetary value, but it isn’t zero.

Bitcoin has no floor. You can only exchange bitcoin for taxes if someone wants the bitcoin.

Gold is intrinsically scarce. You can't fork gold and have Gold 2.0 which has the exact same properties of the original Gold.

j / k navigate · click thread line to collapse