/biz/ - Business & Finance

>>57933044
You say that bitcoin will eventually become a widely adopted store of value, but you don't say why. A series of 1s and 0s is inherently worthless, so why would people trust it to keep its value over time?
>>57933050
>Gold has no inherent value either
Holy shit cryptocultists are retarded, pic related.
>Hard money does NOT have to have any utility besides it's scarcity
lol you think you're making some kind of revelation when you say this. Money doesn't need to have any inherent value besides scarcity and several other properties, correct, but here again you're confusing store of value and currency. A currency has worth because of the goods and services it enables people to trade, while a store of value must have some inherent value. Bitcoin has no inherent value and almost nothing is traded with it except maybe a tiny amount of drugs.

>>56101685
Gold is much better than Bitcoin
Gold has many usages
Bitcoin has none

>>55869559
Another stupid nigger

>>55600518
>gold is also used in industry