So your question is -- will you ever be able to buy 1 oz of gold with 1 BTC? I suppose it's a possibility.
Right now the value of Bitcoins are such that it takes 126 BTC to buy an oz of gold. At one point it took 3400 BTC to buy gold. I'd say it's on the right track:)
Right now the value of Bitcoins are such that it takes 126 BTC to buy an oz of gold. At one point it took 3400 BTC to buy gold. I'd say it's on the right track:)
And it took BTC5000 to buy a pizza. But then again, you can eat a pizza but you can't eat gold (hello Mr Midas!) so there may be some logic involved therein.
But then again, you can solve the problem of the double coincidence of wants and facilitate profit loss accounting with bitcoin, you cant do that with pizza.
Pizza also molds over after a couple of days, at which point it becomes illiquid.