To me, Bitcoin just seems like a form of electronic gold. Limited supply; no sig... | Hacker News

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ender7 on May 26, 2011 | parent | context | favorite | on: What Bitcoin Is, and Why It Matters

To me, Bitcoin just seems like a form of electronic gold. Limited supply; no significant intrinsic value; no backing government or other body. Conversion to real currency is commonplace but not exactly convenient.

Is this way of looking at it a poor predictor for the way it will behave in the market?

erikpukinskis on May 26, 2011 [–]

Bitcoin has properties A, B, and C. Currency Q also has properties A, B, and C. Therefore Bitcoin will behave like Currency Q.

Except that Bitcoin has properties D, E, and F. Will D, E and F impact how it behaves in the market?

Probably.

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