half gold half gold
Topic: Bitcoin or Gold? What would you pick? - page 164. (Read 298970 times)
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
Firstly , you cannot 'crack' a single private key , you just need to find all the private keys in the entirety of Bitcoin.
Secondly , it's not possible that it will be cracked , by any force in our universe.
Okay, at first they said the speed of light in vacuum was the highest possible limit, but now it turns out that everything is not that simple. So how can we be that sure about it being impossible to crack?
If we could walk to the
.....
The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
IMO the BTC market is even more manipulated then the gold market is, by far. Take for example when mtgox had stopped withdrawals but had not yet officially shut down. There were so many rumors and false news circulating around that it was ridiculous The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
Hardly so, since the system is highly decentralized and most bitcoins are just hoarded when the price drops (unlike traded "paper" gold). Thus, despite being a minuscule market (compared to those of gold and silver), bitcoins are actually more "cornerproof", at least in the mid and long term.
This is exactly what cornering the market is about, that is about manipulating the price.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
Firstly , you cannot 'crack' a single private key , you just need to find all the private keys in the entirety of Bitcoin.
Secondly , it's not possible that it will be cracked , by any force in our universe.
Okay, at first they said the speed of light in vacuum was the highest possible limit, but now it turns out that everything is not that simple. So how can we be that sure about it being impossible to crack?
.....
The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
IMO the BTC market is even more manipulated then the gold market is, by far. Take for example when mtgox had stopped withdrawals but had not yet officially shut down. There were so many rumors and false news circulating around that it was ridiculous The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
Hardly so, since the system is highly decentralized and most bitcoins are just hoarded when the price drops (unlike traded "paper" gold). Thus, despite being a minuscule market (compared to those of gold and silver), bitcoins are actually more "cornerproof", at least in the mid and long term.
.....
The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
IMO the BTC market is even more manipulated then the gold market is, by far. Take for example when mtgox had stopped withdrawals but had not yet officially shut down. There were so many rumors and false news circulating around that it was ridiculous The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
Hardly so, since the system is highly decentralized and most bitcoins are just hoarded when the price drops (unlike traded "paper" gold). Thus, despite being a minuscule market (compared to those of gold and silver), bitcoins are actually more "cornerproof", at least in the mid and long term.
.....
The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
IMO the BTC market is even more manipulated then the gold market is, by far. Take for example when mtgox had stopped withdrawals but had not yet officially shut down. There were so many rumors and false news circulating around that it was ridiculous The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
Maybe for traditional Chinese consumers, he /she will go with gold.
Okay, at first they said the speed of light in vacuum was the highest possible limit, but now it turns out that everything is not that simple. So how can we be that sure about it being impossible to crack?
Yes. And it wasn't too long ago when people believe earth is flat and the church will burn people for holding this believe.
2 to the power of 256 is a 77 digit number? That is hella big but my windows calc was able to give that number so Im amazed if its impossible to then count it or I guess my maths totally sucks and I really dont get why this is so hard to do
I know finding prime numbers is a big test for a computer or resolving the numbers on PI but if plain counting cannot be speeded up, optimised, thats surprising. Gold can be artificially reproduced, however it really is not something you'd want to do as it is in the form of a radioactive element with a half life of about half a year so pointless I guess. However I would speculate that maybe one day just possibly they could regularly cheaply produce stable gold and so break the 'reserve' capacity from its rarity. Only reason I say that is at the same time I think they'd have 'free energy', we'd get nuclear fusion or whatever route allows us to stop fighting over oil, dynamics of society would massively change.
Maybe that is the point I miss with that bitcoin picture, they are saying if this is not true then neither are alot of things so this is a reliable standard for sure now. Gold is susceptible to a meteor landing here or on the moon even with giant amounts of gold, otherwise its 'secure' also?
I know finding prime numbers is a big test for a computer or resolving the numbers on PI but if plain counting cannot be speeded up, optimised, thats surprising. Gold can be artificially reproduced, however it really is not something you'd want to do as it is in the form of a radioactive element with a half life of about half a year so pointless I guess. However I would speculate that maybe one day just possibly they could regularly cheaply produce stable gold and so break the 'reserve' capacity from its rarity. Only reason I say that is at the same time I think they'd have 'free energy', we'd get nuclear fusion or whatever route allows us to stop fighting over oil, dynamics of society would massively change.
Maybe that is the point I miss with that bitcoin picture, they are saying if this is not true then neither are alot of things so this is a reliable standard for sure now. Gold is susceptible to a meteor landing here or on the moon even with giant amounts of gold, otherwise its 'secure' also?
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
It's kinda weird. I think my short and long term opinion will change with time and how things go.
Now I'd say long term gold, short term btc.
But if in two years bitcoin is widespread, it would probably be the opposite.
If you believe in Bitcoin you will think it will appreciate in value in long term, you may want to sell it after a huge paper profit in a few years but you shouldn't own any if you don't think you are a positive expectation in the long run
The Gold market is heavily manipulated, Gold is a scarce ressource that has been used as a store of value for thousands of years and is valuable for its proprieties as well so it will appreciate tremendously when the western financial crisis unfold
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
It's kinda weird. I think my short and long term opinion will change with time and how things go.
Now I'd say long term gold, short term btc.
But if in two years bitcoin is widespread, it would probably be the opposite.
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
Firstly , you cannot 'crack' a single private key , you just need to find all the private keys in the entirety of Bitcoin.
Secondly , it's not possible that it will be cracked , by any force in our universe.
Okay, at first they said the speed of light in vacuum was the highest possible limit, but now it turns out that everything is not that simple. So how can we be that sure about it being impossible to crack?
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
Firstly , you cannot 'crack' a single private key , you just need to find all the private keys in the entirety of Bitcoin.
Secondly , it's not possible that it will be cracked , by any force in our universe.
Literally
I've seen that before and I was just addressing the question that was asked. I know the only realistic ways we're going to see an issue like that is either through an exploit in SHA256 or through some completely new way with quantum computing.
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
Firstly , you cannot 'crack' a single private key , you just need to find all the private keys in the entirety of Bitcoin.
Secondly , it's not possible that it will be cracked , by any force in our universe.
Literally
I'd say they are both currency proxies. Its a legitimate comparison. Tell me why are you buying gold especially if you are neither a jeweller or wanting to wear it personally. Same criticism gets handed to BTC, what the heck is all this bother about a useless hash code. Both are highly valued but valueless, useless even products.
Also there is some gold on the usb key and on the motherboard I think
Im jealous of those Chinese language skills, I'd argue thats the most valuable product in the video
Also there is some gold on the usb key and on the motherboard I think
Im jealous of those Chinese language skills, I'd argue thats the most valuable product in the videoThe same can be said for any currency. A coin of any currency has no inherent value , it is just metal , why are you giving people real stuff for it ?
These seemingly useless items have value because they are believed to have value.
USD has it because it is government enforced, gold has it because of rarity and use, Bitcoin has it due to the work it takes to create.
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
The private key is uncrackable for now. Who know if this is true 10 years down the road.
If technology was progressing to the point where it was feasible for a private key to be cracked, couldn't the devs just upgrade the encryption?
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
The private key is uncrackable for now. Who know if this is true 10 years down the road.
For really long term, gold.
For short term, bitcoin.
For short term, bitcoin.
Funnily enough, I would say the opposite. Bitcoin is better for really long term investing imo(buy and hold) and gold is alright for short term fear in the financial world.
Bitcoin all the way.
Jump to: