Post by LiterallyIronic » Wed Sep 27, 2017 4:16 pm

supaflix wrote: ↑ Wed Sep 27, 2017 3:59 am We live in a digital world. What Netflix did to Blockbuster. What Amazon is doing to retail. What Uber did to the taxi industry. We are witnessing legacy systems disrupted by more efficient digital systems. Bitcoin will disrupt the banking/financial industry. Ethereum will be internet 2.0. We live in a digital world. What Netflix did to Blockbuster. What Amazon is doing to retail. What Uber did to the taxi industry. We are witnessing legacy systems disrupted by more efficient digital systems. Bitcoin will disrupt the banking/financial industry. Ethereum will be internet 2.0.

This is an interesting question. Neither makes its own value, unlike like companies working to generate profits (i.e., stocks). Both Bitcoin and gold just sit there, hoping that the next person is willing to pay more for them than the previous person. That's why I invest in neither.However, if I had to pick one, it would be gold. Unquestionably. I assume that if I'm getting down to needing Bitcoin or gold instead of USD, then I'm in some kind of end-of-world calamity. And I don't know how I'd transfer Bitcoin as payment in that situation, when I know I could simply hand someone a gold coin.But, to admit my bias, I eschew this notion:Digital is lame. I still go to the store and buy movies on discs and go home and put them in my Blu-ray player. I still put cartridges in my Nintendo 64.And so on. If my stuff is digital, it can be taken away and I have no recourse. If my stuff is physical, it actually takes someone breaking into my house (or a fire, or what-have-you) for it to be gone. I don't want to be at the mercy of some company going bankrupt and taking my stuff with them or deciding that since I only bought a "license" that I don't actually own my stuff.