ET: Bitcoin can only hope to be a second-rate version of gold

[BTCIndia]

...In truth, the best bitcoin can hope for is to be a second-rate version of gold, if that. And Warren Buffett once described gold this way: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

Read more at:
http://economictimes.indiatimes.com/tech/internet/bitcoin-can-only-hope-to-be-a-second-rate-version-of-gold/articleshow/26402327.cms