There are a lot of raw resources that we have excess of; some call it reserve. T... | Hacker News

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woodall on May 29, 2011 | parent | context | favorite | on: Why I’m Putting All My Savings Into Bitcoin

There are a lot of raw resources that we have excess of; some call it reserve. To try and explain the reason gold is so much is a ridiculous task. Practical uses(better than copper in some applications) and non-practical uses(it looks good on me). To compare BitCoins to gold is a horrible analogy to even begin with.

vrotaru on May 29, 2011 [–]

All curious over here. What other commodity a reserves/production ratio of at least 5? (the usual ratio is, at best 1)

So?

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