Comment: Bitcoin Changes The Game A Bit...

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Bitcoin Changes The Game A Bit...

The ability to process bitcoin transactions instantly and around the world are tremendous benefits over precious metals that cannot be ignored. The last time I tried sticking a gold coin in an e-mail I almost got electrocuted. Point is, yeah gold has intrinsic value but it's not easy to conduct transactions with.

The ability of bitcoins to avoid governments, be mined, are limited and make almost instant long-distance transactions is of much more value than a precious metal which is more of a wealth savings device than a true form of currency. Especially in the digital/internet age where we need to be able to conduct transactions instantly and with people on the other side of the world.

In reality I'd recommend both precious metals and bitcoin. But in my opinion bitcoin seriously exposes flaws in precious metals and makes me look at them more as a way to save or protect wealth (at least as of now) than anything else.