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Topic: Bitcoin is not gold - page 2. (Read 1565 times)

hero member
Activity: 658
Merit: 500
February 12, 2015, 03:51:53 PM
#1
Regarding the recent discussions about the new fork, I see that some of the arguments refer to Bitcoin being like gold, and like gold, it should not be used for small transactions.

Now, I wonder... why do people insist that Bitcoin should work exactly like gold? What's so fantastic about the yellow metal that they want to replicate?

Bitcoin was not planned to be “like gold”. It was planned as a digital currency that enables payments and money transfer all around the globe, and the proposal never planned a restriction on the value of the transfers.

I understand the similarities between Bitcoin and gold (such as fungibility, durability, and others), but trying to limit its development just because it will be less like gold seems silly and unfounded.
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