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RE: Erik Voorhees on "Is Bitcoin the Future of Money?"

in #bitcoin6 years ago (edited)

You are wrong Yonny along with everyone in here that thinks that Gold or Silver has no real value.

1.) Gold has medicinal value just like Silver. All surgeon instruments are made of silver because silver kills all bacteria. There are many other medicinal uses for gold and silver too.
2.) Gold and silver are also very useful in the electronic world. Without Gold and Silver you wouldn't have that computer, internet and all those high end electronic items like your cell phone.

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You’re missing the point. I never said gold doesn’t have value. Read it again carefully.

Garlic has medicinal value as well. Is that the standard we are using for currency?

Sure but I wouldn't pay you anything because I grow my own garlic. I can also get garlic from my friends yard and in the grocery store. Just because it has medicinal value doesn't mean it is good for currency. A currency has to be rare and difficult to attain too.

Gold and silver are rare metals and are not easily mined. They also have medicinal value and other uses in electronics along with other techno uses. So they are a better form of currency and has real useful value.

true indeed. im seeing the same sentiment from the masses, "gold is worthless...its
only valuable because its only so much of it"...

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