Quote:
Originally Posted by Hehe
Really want to compare gold (physical good) vs BTC (a bunch of numbers) ? 
Gold has many industrial applications along with jewelry industry. It means that even when people stop valuing gold as a monetary instrument, it can still be used to do a lot of stuff and hence derives value.
What is BTC good for besides some sort of monetary instrument? Nothing. |
Argh... I don't even know where to start with this. Let's just say the ex-richest guy on Earth, Bill Gates (who's only not the richest guy anymore because of his philanthropy) derives his wealth from "a bunch of numbers".
Seriously though, some people just can't even wrap their head around the fact that EVERYTHING only has value because people give it value. That goes for anything in the world, physical and not physical. Only ~10% of all of the world's "money" is
real, the rest is all virtual, part of computer systems. Millionaires are made daily who write software or do things like making YouTube videos. Why is it so hard to believe that a virtual currency like Bitcoins right now has a value over your narrow minded expectations? While being backed by one government is a great to value currency, what do you have against a currency which derives it's value from people worldwide? It may not be Bitcoins... It may not be litecoins. But it's movements like this that helps to spearhead the movement of true globalization and shaping a better global economy.
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