Terence Corcoran: Gold versus bitcoin

Thanks to Financial Post…

Financial Post | Opinion

It’s been a rough few days for alternate currency activists — radical libertarians, wild-eyed believers in the freedom-generating power of open media technology, worshippers of the golden god of gold. Among these true believers, and in many other communities, there is a standing consensus that the global central banking cabal — with its paper money scams, extreme policy shifts and floating values — is a house of statist cards that needs to be overthrown.

That may even be true, but over the last few days two of the pretenders to the world currency throne — bitcoin, the new high-profile digital currency, and gold, the centuries-old commodity currency — have fallen into a tailspin.

[np_storybar title=”Gold pares losses, but can we ever consider it a ‘safe haven’ again?” link=”http://business.financialpost.com/2013/04/16/gold-pares-losses-but-say-so-long-to-your-safe-haven/”]

First to get hammered was the bitcoin market, the incomprehensible alternate currency creation of the alternative tech universe. Bitcoins became a…

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