Bitcoin or gold? - page 521. | Bitcointalksearch.org

markj113

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Quote from: risingtide on August 18, 2015, 01:18:48 PM

Quote from: GreenStox on August 18, 2015, 11:37:44 AM

And while Bitcoin is getting more and more interesting to the 6 billion unbanked, and living in poverty hellholes, with capital controls.

Gold is just a fancy metal for the top 10% in western countries which make up like 1% of the world population.

Yea yea its getting cool in India and China, but c`mon not everybody is interested, and their whole basis is that they dont have alternative.

I think it's interesting to look at it from a demographic perspective. But you also have to realize that the billions of unbanked aren't very tech savvy, and if you asked a random villager whether they wanted a digital wallet that contained $500 in BTC or a lump of gold they could hold in their hands worth $100, they'd probably take the lump of gold every time.

Agree,

Stroll around this market with a memory stick containing bitcoin in 1 hand and a gold coin the other and see which is more widely accepted -

deisik

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Quote from: RealBitcoin on August 18, 2015, 11:04:52 AM

Quote from: deisik on August 18, 2015, 02:39:46 AM

Quote from: RealBitcoin on August 17, 2015, 05:30:59 PM

Quote from: deisik on August 17, 2015, 05:13:20 PM

Sometimes... actually often times, I have to wait up to an hour to get my transaction confirmed, to get just one confirmation (when I need two or three)

Next time dont be greedy and put a fkin 0.0003 fee there and it might be faster then.

Next time don't be stupid. I talk about time intervals between block confirmations on the blockchain

Yes the fee is actually making your TX faster. If you need 6 confirm then if you would pay a 0.01BTC fee you`d get it confirmed in 10 mins because all miners would rush to confirm it.

Are you really so brain-dead? According to your logic, miners are not rushing to get 25 BTC for finding a block, and then, all of a sudden, they would rush to do exactly the same just to get an extra 0.01 BTC?

risingtide

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Quote from: GreenStox on August 18, 2015, 11:37:44 AM

And while Bitcoin is getting more and more interesting to the 6 billion unbanked, and living in poverty hellholes, with capital controls.

Gold is just a fancy metal for the top 10% in western countries which make up like 1% of the world population.

Yea yea its getting cool in India and China, but c`mon not everybody is interested, and their whole basis is that they dont have alternative.

I think it's interesting to look at it from a demographic perspective. But you also have to realize that the billions of unbanked aren't very tech savvy, and if you asked a random villager whether they wanted a digital wallet that contained $500 in BTC or a lump of gold they could hold in their hands worth $100, they'd probably take the lump of gold every time.

AlexGR

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Quote from: GreenStox on August 18, 2015, 11:37:44 AM

Yea yea its getting cool in India and China, but c`mon not everybody is interested, and their whole basis is that they dont have alternative.

SURPRIZE: NOW YOU HAVE, ITS CALLED BITCOIN!

It was always cool there, for millenia.

Someone asked a while ago, to name one thing that gold has as an advantage over bitcoin. Well, to take a recent incident, nobody can come in and say "you know what, I will fork it" - like the XT fiasco, where suddenly you may have 2 versions of bitcoin and loss of trust in the ecosystem with price going -15% down.

"Politics" can do this to bitcoin, while gold will remain the same in quality no matter what. Nobody can change its properties, unlike bitcoin which is somewhat malleable - being code.

GreenStox

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Quote from: dodgecharger on August 18, 2015, 11:50:23 AM

Bitcoin is very much like gold in its conception and implementation - issued as an asset, limited supply etc. The difference, of course, is that it can easily be used to transact anywhere on the planet - to buy and sell on a day-to-day basis.

It is totally different, since bitcoin is immaterial while gold is material. I guess philosophically it comes down to materialism vs immaterialism.

And i see the gold bugs here are very materialist, perhaps suffer from obsessive-compulsive disorders and cant realize that bitcoin is superior.

https://en.wikipedia.org/wiki/Obsessive%E2%80%93compulsive_disorder

dodgecharger

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Bitcoin is very much like gold in its conception and implementation - issued as an asset, limited supply etc. The difference, of course, is that it can easily be used to transact anywhere on the planet - to buy and sell on a day-to-day basis.

GreenStox

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Quote from: Scream on August 18, 2015, 11:03:33 AM

Quote from: Luqman on August 16, 2015, 11:06:15 PM

Surely is Gold, honestly I would prefer Gold than BTC for my invest if I had a lot of money.. IMO

"Gold and bitcoin are both worth what people think they are worth."
However, you're completely wrong when you say that there's no such thing as intrinsic value.

That is exactly true.

And while Bitcoin is getting more and more interesting to the 6 billion unbanked, and living in poverty hellholes, with capital controls.

Gold is just a fancy metal for the top 10% in western countries which make up like 1% of the world population.

Yea yea its getting cool in India and China, but c`mon not everybody is interested, and their whole basis is that they dont have alternative.

SURPRIZE: NOW YOU HAVE, ITS CALLED BITCOIN!

RealBitcoin

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Quote from: markj113 on August 18, 2015, 01:13:33 AM

Quote from: RealBitcoin on August 17, 2015, 04:15:00 PM

Quote from: deisik on August 17, 2015, 02:31:27 PM

Quote from: HarHarHar9965 on August 17, 2015, 01:35:38 PM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses...

Wtf are you talking about VISA and Mastercard needs 3 days to clear, and can still be charged back 30 days after. I`d say the TX duration is 30 days then, because until it is not finalized, it is not over.

Bitcoin takes 10 min, and with other crypto takes 1 min. Gold cant even be transacted unless via a centralized banking system or if some exchanges setup gold transfer functions (i think i saw on a report a guy who worked on a centralized gold payment system)

But still even if they do it, it will be the same as the current SWIFT, except with gold.

In the UK we have the "faster payments" systems, bank transfers and payments by card etc. only take a few seconds to clear.

Good for you, I don't enjoy these "enhanced" features, in fact until now I only had negative experiences with the monetary system.

Quote from: deisik on August 18, 2015, 02:39:46 AM

Quote from: RealBitcoin on August 17, 2015, 05:30:59 PM

Quote from: deisik on August 17, 2015, 05:13:20 PM

Sometimes... actually often times, I have to wait up to an hour to get my transaction confirmed, to get just one confirmation (when I need two or three)

Next time dont be greedy and put a fkin 0.0003 fee there and it might be faster then.

Next time don't be stupid. I talk about time intervals between block confirmations on the blockchain

Yes the fee is actually making your TX faster. If you need 6 confirm then if you would pay a 0.01BTC fee you`d get it confirmed in 10 mins because all miners would rush to confirm it.

And its still cheaper than bank TX fee.

If not then tough luck, its soo bad to wait 1 hour, given the benefits bitcoin brings over cards that its very hard to resist the cards isn't it?

Scream

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U will never know the true answer, before you try

Quote from: Luqman on August 16, 2015, 11:06:15 PM

Surely is Gold, honestly I would prefer Gold than BTC for my invest if I had a lot of money.. IMO

"Gold and bitcoin are both worth what people think they are worth."
However, you're completely wrong when you say that there's no such thing as intrinsic value.

deisik

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Quote from: RealBitcoin on August 17, 2015, 05:30:59 PM

Quote from: deisik on August 17, 2015, 05:13:20 PM

Sometimes... actually often times, I have to wait up to an hour to get my transaction confirmed, to get just one confirmation (when I need two or three)

Next time dont be greedy and put a fkin 0.0003 fee there and it might be faster then.

Next time don't be stupid. I talk about time intervals between block confirmations on the blockchain

markj113

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The only reason this "Bitcoin or Gold?" thread exists in the first place is because most people consciously or subconsciously view gold as the ultimate store and expression of wealth.

Even though the op is pro bitcoin why choose gold as the other option, why not lead, silver, copper, oil or any other commodity?

Bitcoin could turn out be the investment of a lifetime or it could literally go to zero, its a gamble and nothing more and still a baby at 5 years old.

Gold on the other hand has been considered valuable for 1000's of years and will continue to be valued far in to the future. The price will fluctuate up and down as does everything else in life but it will never reach Zero!

Also the only reason most governments are currently letting bitcoin go unchallenged is because they do not see it as a threat as its still in its infancy.

Control of money = power and if you think the people at the top will let it go easily you are mistaken.

They will either make it illegal or so expensive to use it will never become mainstream.

ritesh850

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Quote from: bitjoint on March 09, 2014, 02:23:19 PM

Both

HarHarHar9965

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Quote from: ajun96 on August 18, 2015, 02:00:54 AM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civil bitizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

The past does not exist this sophisticated technology,
bitcoin cannot be used as a means of payment in the past

Bitcoin is built around a technology which profits the future, the only reason bitcoin was not used before like gold is because it was not invented yet Tongue

Things would be so much better if people were using bitcoins for centuries rather than gold, but things change so you never know what different kind of economic unrest would take place.

ajun96

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Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

The past does not exist this sophisticated technology,
bitcoin cannot be used as a means of payment in the past

markj113

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Activity: 2254

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Quote from: RealBitcoin on August 17, 2015, 04:15:00 PM

Quote from: deisik on August 17, 2015, 02:31:27 PM

Quote from: HarHarHar9965 on August 17, 2015, 01:35:38 PM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses...

Wtf are you talking about VISA and Mastercard needs 3 days to clear, and can still be charged back 30 days after. I`d say the TX duration is 30 days then, because until it is not finalized, it is not over.

Bitcoin takes 10 min, and with other crypto takes 1 min. Gold cant even be transacted unless via a centralized banking system or if some exchanges setup gold transfer functions (i think i saw on a report a guy who worked on a centralized gold payment system)

But still even if they do it, it will be the same as the current SWIFT, except with gold.

In the UK we have the "faster payments" systems, bank transfers and payments by card etc. only take a few seconds to clear.

RealBitcoin

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Quote from: deisik on August 17, 2015, 05:13:20 PM

I don't care how long it takes to clear, since I can spend the money right at the moment it shows up in the balance (which happens instantly). I speak for myself. "Your mileage may vary", but I guess you gotta be more picky about what bank to choose as the card issuer...

It appears that you never bought anything with a bank card on the Net. The payment gets confirmed momentarily (just in case you wanted to know, but were afraid to ask)

Thats a good joke. Sure you buy it instantly but there are reprecussions until 30 days, for example if you are the vendor you are quite unhappy if some scammer from a 3rld world country with fake card gets to steal your stuff and dont even pay for it.

Bitcoin encourages vendors to use it.

Quote from: deisik on August 17, 2015, 05:13:20 PM

Sometimes... actually often times, I have to wait up to an hour to get my transaction confirmed, to get just one confirmation (when I need two or three)

Next time dont be greedy and put a fkin 0.0003 fee there and it might be faster then.

deisik

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Activity: 3486

Merit: 1280

English ⬄ Russian Translation Services

Quote from: RealBitcoin on August 17, 2015, 04:15:00 PM

Quote from: deisik on August 17, 2015, 02:31:27 PM

Quote from: HarHarHar9965 on August 17, 2015, 01:35:38 PM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses...

Wtf are you talking about VISA and Mastercard needs 3 days to clear, and can still be charged back 30 days after. I`d say the TX duration is 30 days then, because until it is not finalized, it is not over.

I don't care how long it takes to clear, since I can spend the money right at the moment it shows up in the balance (which happens instantly). I speak for myself. "Your mileage may vary", but I guess you gotta be more picky about what bank to choose as the card issuer...

It appears that you never bought anything with a bank card on the Net. The payment gets confirmed momentarily (just in case you wanted to know, but were afraid to ask)

Quote from: RealBitcoin on August 17, 2015, 04:15:00 PM

Bitcoin takes 10 min, and with other crypto takes 1 min. Gold cant even be transacted unless via a centralized banking system or if some exchanges setup gold transfer functions (i think i saw on a report a guy who worked on a centralized gold payment system)

Sometimes... actually often times, I have to wait up to an hour to get my transaction confirmed, to get just one confirmation (when I need two or three)

RealBitcoin

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Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: deisik on August 17, 2015, 02:31:27 PM

Quote from: HarHarHar9965 on August 17, 2015, 01:35:38 PM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses...

Wtf are you talking about VISA and Mastercard needs 3 days to clear, and can still be charged back 30 days after. I`d say the TX duration is 30 days then, because until it is not finalized, it is not over.

Bitcoin takes 10 min, and with other crypto takes 1 min. Gold cant even be transacted unless via a centralized banking system or if some exchanges setup gold transfer functions (i think i saw on a report a guy who worked on a centralized gold payment system)

But still even if they do it, it will be the same as the current SWIFT, except with gold.

deisik

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English ⬄ Russian Translation Services

Quote from: HarHarHar9965 on August 17, 2015, 01:35:38 PM

Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

Fiat payment systems like Visa or Mastercard are truly instant, in the majority of cases. Decentralization comes at a cost. But then yes, gold is not for the masses...

HarHarHar9965

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Quote from: roadbits on August 16, 2015, 08:30:10 PM

Bitcoin is much easier to divide than gold is. Gold was also used as currency for thousands of years. Many countries and civilizations used gold coins as their currency. Bitcoin can be used just like gold was as a currency in the past.

its better to treat gold as an asset and respect what it is, use it in jewelry and to add a look of class and luxury to products. Treating it as a currency rather than an asset might be a really weird thing to do, it'd be like doing the same shit and going back in time. Time for digitization, speed and user friendly currency. Bitcoin exceeds my expectations regarding that

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