Post by
yoda2 on Jan 17, 2014 10:48am
Bitcoin and Paper Gold
seriously, would someone try to explain the differencebetween Bitcoin and paper gold. Bitcoin seems to be doing well.
Comment by
helgek on Jan 17, 2014 11:21am
It takes effort to create Bitcoin.
Comment by
rallard on Jan 17, 2014 11:33am
Bitcoin is also limited there is no central bank creating trillions of them. Because crypto currencies are not under government control no tax. I like that word no TAX. My top investment is physical AU or AG. Second place are gold producers as long as I have the share certificate, and third is Bitcoin.
Comment by
maurizion on Jan 17, 2014 3:49pm
Yes there are more and more cryptocurrencies. Any individual or group can create a currency that is 100% identical to Bitcoin. It is just software and requires little effort or investment. That is ultimately DILUTION. Real money (Gold) cannot be created without hard work.
Comment by
Majormac79 on Jan 18, 2014 12:12am
Gold is not created by man its discovered in its hiding spots.
Comment by
Majormac79 on Jan 17, 2014 12:21pm
Bitcoin is a FAD. There are new cryptocurrencies coming out all the time. And all of these creators keep a chunk of coins for themselves at the creation. https://bitcoin.stackexchange.com/questions/20635/what-is-42coin-why-it-is-highly-priced Bitcoin and all other cryptocurrencies have the potential to be stolen by hackers from anywhere in the world eating cheetos and sipping on a pop.