On: Bitcoin climbs to $10k

[myth_drannon]

Even loosing 90% is better than loosing everything to war, dictatorship, police.

[notahacker → myth_drannon]

But having gold or offshore dollar bank accounts is better than losing 90%...

[hanniabu → notahacker]

Ahhh yes, because rose are so easy to come by and to setup

[notahacker → hanniabu]

I can assure you a lot more people in countries with broken payment systems have managed to acquire gold and/or US bank accounts than to transfer their local currency into Bitcoins...

[roboys → notahacker]

You can't compare the penetration of Bitcoin (10 years) to Gold (1,000+ years) yet but adoption trends point in bitcoins favor.

[ericd → roboys]

Do adoption trends really point in bitcoin's favor? Central banks have been buying 10s of billions of dollars worth of gold every year.

[ericd → myth_drannon]

The worst case for BTC is not -90%. It has very little fundamental utility underpinning its value, and nowhere near the faith in its value that gold has built up over millennia.