Gold vs bitcoin

[jtimon]

  ...Keynes didn't say a single truth. 

"In the long run we're all dead"?

also...

As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.

Wow, that was from keynes? Maybe we should all read him after all. Maybe I do some day.
I stick with this one:

"Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from Gesell’s than from Marx’s spirit."
—John Maynard Keynes

I like Gesell's critique to Marx a lot. I've read some small parts from Mises's, but I want to read that whole book.

[westkybitcoins]

Bitcoin is nothing.  It has one use, and that is to exist and be exchanged.

While this is technically true, you seem to be drastically underrating its utility as a digital means of exchange. Let's just say that at this point, until something superior comes along, bitcoins will continue to have significant value.

[roslinpl]

Just created an image for you to show you my opinion



Hehe

[Icardi09]

Just created an image for you to show you my opinion



Hehe

nice
bitcoin : gold currency in digital age

[roslinpl]

Just created an image for you to show you my opinion



Hehe

nice
bitcoin : gold currency in digital age

This is a point!
And maybe some pepole would consider why it is better to invest into BTC than into GOLD

[Icardi09]

Just created an image for you to show you my opinion



Hehe

nice
bitcoin : gold currency in digital age

This is a point!
And maybe some pepole would consider why it is better to invest into BTC than into GOLD

i agree
but gold price will skyrocketing when war time, idk where will BTC price go to when war time
better split our investment, gold and BTC.

[roslinpl]

Just created an image for you to show you my opinion



Hehe

nice
bitcoin : gold currency in digital age

This is a point!
And maybe some pepole would consider why it is better to invest into BTC than into GOLD

i agree
but gold price will skyrocketing when war time, idk where will BTC price go to when war time
better split our investment, gold and BTC.

I just hope there will be no more war time
And price of BTC will skyrocket with growth of its popularity.

♥BTC

[zolace]

Bitcoin and Gold are both useful;Bitcoin is new and is the future and Gold had value since the humans found it and use it and will continue to have value.I am for both!

[softron]

Btc = digital
gold = physical.
I dont think btc can replace gold

[roslinpl]

Btc = digital
gold = physical.
I dont think btc can replace gold

In digital age?? Hmmm ... noooooo... impossssssibbbllllee...

[bobdutica]

Thus bitcoin has the same flaws that gold has.

And what might those flaws be?

They lead to liquidity premium for loans:

http://www.finanzcrash.com/english/aberrations.html

http://en.wikipedia.org/wiki/Freigeld

http://wikilivres.info/wiki/The_Natural_Economic_Order

Your third link is broken, unless you intended us to read about waterbeds or textiles.