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re: So what happens to Bitcoin now?
Posted on 10/3/13 at 10:26 am to BennyAndTheInkJets
Posted on 10/3/13 at 10:26 am to BennyAndTheInkJets
quote:
Question for you, do you view gold and fiat currency as two completely different things? Even to the point they are effectively antonyms?
I don't really know how to answer that because I don't really care for gold. So I don't seem unwilling to answer, I would say that I would view them differently because there is a (theoretical) limited amount of gold, which limits inflation (unless they start mining it from asteroids).
But the thing is, when you get down to it, all forms of money are simply collective delusion, bitcoin included. So in that sense, they are the same.
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