General Discussion
In reply to the discussion: I was just thinking. Do you (like me) think that BITCOIN [View all]DFW
(56,897 posts)I have never really understood how or where one converts accepted legal tender (US$, Swiss Francs, whatever), into crypto, or, perhaps more importantly, back.
But Gold, I get. It has been a convertible store of value for 2500 years. No, you cant eat it or live in it, but there is a world-wide market with a daily buy-sell quote. Now, that, at least, is a track record.
Of course, Bitcoin's rise from $25,000 to $100,000 within a year is an undeniable track record, too. Still, if someone were to make a gift of one Bitcoin to me, I would have no idea how to convert it into something I can actually spend. A Bitcoin is worth $100,000? Thats nice. If I dont know how to get $100,000 worth of anything for it, give me nine hundred genuine $100 bills for it and keep the change!