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June 23, 2017, 09:09:25 PM

I love how all these people talk about bitcoin becoming the world reserve currency worth 5 quadrillion dollars each without touching on the scalability factor at all, or the fact that it's designed to completely centralize, thus defeating the entire purpose in the first place.  Yet, completely centralized and with no scalability, let's talk about how bitcoin is going to "defeat gold"!

Bitcoin is not trying to "defeat" Gold. Gold is technically no longer money either.

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/did-gold-survive-the-depression/