Bitcoin is better than gold, as long as the NSA doesn't bring a few gazillionhashes/sec with an ASIC farm they own to gain 51% the network. All it'd take for the NSA is a ~50-100mn USD equipment contract with some ASIC manufacturer (which is peanuts for their standards).
Same thoughts here. 
Topic: Bitcoin or gold? - page 574. (Read 984448 times)
Posted originally in another thread but also fits here :
An image speaks more than a thousand words they say...
(also goes to proof that they can all co-exist without problems, sometimes and is better than either or
)
An image speaks more than a thousand words they say...
(also goes to proof that they can all co-exist without problems, sometimes and is better than either or
)Very cool!
I choose 1st pos.! Nicely done
better than mine (you can see it at 3rd or 4th page 
)
Posted originally in another thread but also fits here :
An image speaks more than a thousand words they say...
(also goes to prove that they can all co-exist without problems, sometimes and is better than either or )
An image speaks more than a thousand words they say...
(also goes to prove that they can all co-exist without problems, sometimes and is better than either or
)
for all of it i would have to choose gold.
Gold price went down again.
Gold and silver is best investment. Bitcoin price will crash or rise like bubble. If you want safe investment then put t on gold or real estate. They will never loose its value.
I think if I had to put all my money in one of them for 10 years it would be gold. There is basically zero risk putting it into gold since gold has intrinsic value and always will. Bitcoin has no intrinsic value and could become worth gazillions in 10 years or it could be worth 0 (I'm willing to bet it will be one of those two). I am not adventurous enough to take that risk lol...
I think both are same but bitcoin has fast act.
just see chart of gold/usd in 1970-1990 , that's not same with bitcoin in last year?
yes, bitcoin algorithm is based on gold history price, bitcoin price will stand on 500-1000 in next years (1 year at least), but after that we have a great jump.
just see chart of gold/usd in 1970-1990 , that's not same with bitcoin in last year?
yes, bitcoin algorithm is based on gold history price, bitcoin price will stand on 500-1000 in next years (1 year at least), but after that we have a great jump.
One day, bitcoin could grow 1000x or it could crash to zero, not the case with gold. Long-term, gold would have a more stable value, but bitcoin would have a far better upside potential. Greater risk, greater reward. I choose Bitcoin.
Why does everyone keep posting about the NSA taking over bitcoin. Am i missing something? There is NO WAY that one could achieve 51% of the mining rate. It would be absurd and overall and not cost effective as they would continually have to reinvest in equipment to maintain their mining rate.
The hash rate is double about every 50 days currently.
So 50% of current hashing were added in the past 50 days.
I think a 51+% attack is super easy if you have the necessary determination and funds.
Gold is born.
? What do you mean? Gold was born and it is not dying for now.
Bitcoin was born
and it is growing!
Gold is born.
Bitcoin, absolutely. Bitcoin will be the next payment system and will rise much more. Gold as payment system is old school idea but its important for industry.
This discussion may be forwarded forever
But we wont never find a 'right' answer.
Maybe we should make some bets?
what will be +% for gold and for BTC in next 5 years ?
I would say bitcoin +1000%
gold +150%
But we wont never find a 'right' answer.
Maybe we should make some bets?
what will be +% for gold and for BTC in next 5 years ?
I would say bitcoin +1000%
gold +150%
Bitcoin definitely has more upside potential, but gold over the long term will almost guarantee appreciation...
This discussion may be forwarded forever
But we wont never find a 'right' answer.
Maybe we should make some bets?
what will be +% for gold and for BTC in next 5 years ?
I would say bitcoin +1000%
gold +150%
But we wont never find a 'right' answer.
Maybe we should make some bets?
what will be +% for gold and for BTC in next 5 years ?
I would say bitcoin +1000%
gold +150%
Not sure if itwill be gold...imagine if they discover tomorrow a giant mine with gold which will be more then all the oil in the world or slat water and what will happen with the priceof gold then...
BR,
Gondel
BR,
Gondel
bitcoin now, then trade it for gold when btc=$10k
With its present market cap and trade volume, BTC isn't even a mosquito on the windscreen of behemoths like Western Union, JPM, Deutsche, Barclays, GS and the likes.
Yes, that is why Wells Fargo and Goldman Sachs completely ignore Bitcoin instead of publishing papers on it.
It's not like in the late '70s when huge companies like Digital Equipment, IBM and Xerox laughed at the personal computer guys and let them steal their thunder (and in the case of Xerox their research in graphic interfaces). Big corps now are fully aware of the disruptive possibility of startups. Hence why a lot of money gets poured in them. Don't underestimate them. Even though they move slowly when the get in full motion you want to get out of the way or be crushed underneath them.
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