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RE: 7 reasons why Litecoin could go to $5000 dollars in a couple of years

in #cryptocurrency7 years ago

Perhaps, perhaps, but still I don't think it's quite right to compare a nine year technology/software product that has recently become quite dysfunctional as a currency with a metal that has several thousand years of history as a currency and recently no longer serves any significant role as a currency.

I've started trading with gold at Localbitcoins recently, and I'm positively surprised - it's far easier (and more relaxing) to meet up at a coffee shop and count some 1oz gold coins than to count the equivalent amount of 500NOK-bills. No transaction fees, no worldwide capacity limit for how many gold transactions that can be done during a ten minute interval, and when the gold changes hands, it ... changes hands, no fuzz. :-)

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