On: Bitcoin Bubble Makes Dot-Com Look Rational

[scotty79]

Like people holding gold in the period when gold does not appreciate are left holding worthless chunks of metal?

[leereeves → scotty79]

Gold doesn't require a worldwide network of specialized computers to continue operating so it will continue to be useful.

[charlesdm → leereeves]

The internet needs a worldwide network of specialised computers to continue operating. I bet it won't be very useful anymore once we turn those off.

[leereeves → charlesdm]

People use the Internet for a lot more than speculation.

What do people use BTC for other than speculation?

[Chriky → leereeves]

Buying drugs, money laundering, and ransomware

[spdionis → Chriky]

/s?

[scotty79 → leereeves]

Gold only requires worldwide network of traders and physically secure holding places and general sense of security so it can change hands.

[leereeves → scotty79]

All that's required to to exchange gold is one person that has gold and another person who wants gold and has something the first wants to trade for it.

[gonvaled → leereeves]

Really? Let's meet, I'll give you gold.

Or: for the majority of people, holding hold, recognizing gold, and exchanging gold is not possible. You need experts for that, and they all take commissions. And sometimes scam you.

[leereeves → gonvaled]

You don't need experts; you can learn how to identify real gold yourself, in far, far less time than is required to learn to understand a cryptocurrency.