Compared to Bitcoin, gold doesn't seem real... - page 4.

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: yeponlyone on November 18, 2014, 03:58:02 PM

Quote from: cbeast on November 18, 2014, 05:33:47 AM

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

The Internet was designed by the US military and intelligence agencies as a means to communicate even in a nuclear war. Gold can become irradiated and be destroyed or turned to liquid mercury.

johnyj

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Beyond Imagination

Quote from: yeponlyone on November 18, 2014, 03:58:02 PM

Quote from: cbeast on November 18, 2014, 05:33:47 AM

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

Gold is much more difficult to spend. I tried to sell a gold ring to many merchants on the street and none of them accept it , they all told me to go to banks and exchange it for fiat money. And when I reached bank, they took some special tools to test the purity of the gold before they could give me a price

yeponlyone

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Quote from: cbeast on November 18, 2014, 05:33:47 AM

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

countryfree

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Your country may be your worst enemy

Quote from: Billbags on November 17, 2014, 04:08:57 PM

Quote from: countryfree on November 17, 2014, 02:59:54 PM

Sorry, but I think gold is much more secure.
I have a deposit box in a bank which has never been robbed, while I've already lost loads of data because of hard disk failures.

That box of gold can be seized by authorities at any time. Remember over the last 2 years bank accounts and safety deposit boxes have been being seized in large numbers for suspension of money laundering(for no reason other than to ask you where your money came from). It cost $20,000 to get your money/gold back if you can prove where every penny came from. Most of the accounts had $30,000 or more in them and are owned by "mom & pop" businesses, but the Feds are making a lot of money seizing accounts of innocent people right now.

If you live in a fascist country where your bank account "can be seized by authorities at any time", I can only advise you to move immediately. I don't. My money's safe.

TaunSew

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Quote from: Beliathon on November 18, 2014, 10:10:47 AM

Quote from: Flashman on November 17, 2014, 01:18:49 PM

Quote from: cbeast on November 17, 2014, 11:25:00 AM

Bitcoins can protect some of your wealth even when you are wrongfully judged by an imperfect society.

Ask Ulbricht how that went.

Ulbricht was a noob who should have been using brain wallet and not telling anyone he even had a stash that size.

Also he had terrible opsec, running a huge darkweb market moving millions of dollars of drugs and he was on fucking FACEBOOK! What?!

On a library login account too that he signed up with government ID, wasn't it?

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Flashman on November 17, 2014, 01:18:49 PM

Quote from: cbeast on November 17, 2014, 11:25:00 AM

Bitcoins can protect some of your wealth even when you are wrongfully judged by an imperfect society.

Ask Ulbricht how that went.

Ulbricht was a noob who should have been using brain wallet and not telling anyone he even had a stash that size.

Also he had terrible opsec, running a huge darkweb market moving millions of dollars of drugs and he was on fucking FACEBOOK! What?!

El Emperador

hero member

Activity: 658

Merit: 500

Bitcoin and Gold are ofter compared ( maybe because of mining Cheesy

), but they are 2 completely different things.

Bitcoin is a currency and a payment system, while Gold basically is used as long-term investment, with few application in every-day life.
Moreover, we have to say Bitcoin was borno in 2009, but Gold is considered a symbol of power and luxury for millennia and, notwithstanding highs and lows of its market, it always has a high nominal value.

SomethingElse

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Looking for the next big thing

Quote from: cbeast on November 18, 2014, 03:02:04 AM

Oh. And try carrying a few pounds of gold through an airport without a lot of questions. Bitcoins don't need to fly.

You can't really go through an airport with 50,000 USD in your pocket too without getting some questions.

But yes, one of the great advantages of Bitcoins is how easily they can get shipped around the world. That is a big +1.

I'd say it is also easier to find places to spend bitcoins for goods than gold for goods.

But gold does have its advantages too. You could at least make jewelry out of it. Bitcoin is bling bling too, but digitally for nerds.

cbeast

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Let's talk governance, lipstick, and pigs.

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

cisary

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david wilson

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Gold has proven itself to be one of the most durable substances on earth. It doesn’t degrade. Every ounce of gold ever mined is still around. (Excluding the small portion sent out of orbit) Gold has proven to be truly precious.

Bitcoins can only be destroyed for a brief moment in their creation during mining under unusual circumstances which likely has not happened. But if the hard drive containing the private key is buried in a landfill, those units are forever gone. You could argue that a pirate treasure chest of gold buried on an island beach and long forgotten is the same end. The bitcoin units exist on the public ledger which is copied into the cloud and thousands of hard drives around the world. We can’t predict what may happen to bitcoin in a few hundred years but for today’s generation, so far so good. But because bitcoin is officially an experiment, we’ll have to give this one to gold.

hellojpg

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TL;DR

Gold is not real.

tss

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gold is as real as it gets. brick bars, the beauty, oh my. but btc is "invisible" gold. undetectable. border-less.

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Oh. And try carrying a few pounds of gold through an airport without a lot of questions. Bitcoins don't need to fly.

Daniel91

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In my opinion, gold has, at the moment, more stable price and value in market, and much more trust in the public.
Bitcoin still have to prove itself, and become mainstream, so that other people consider seriously to replace their gold with bitcoin.
It's still long way for bitcoin to go...

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: Vessko on November 18, 2014, 02:49:38 AM

This is a meaningless question, folks. You can't talk about which is more real/valuable/etc without specifying quantities.

What would you prefer - one bitcoin or an ounce of gold? If your question is "one bitcoin", then I'll gladly pay you one bitcoin for your ounce of gold.

What would you prefer - ten bitcoins or an ounce of gold? If your question is "an ounce of gold', then I'll gladly sell you an ounce of gold for ten bitcoins.

Talk about meaningless. I can't even.

Vessko

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This is a meaningless question, folks. You can't talk about which is more real/valuable/etc without specifying quantities.

What would you prefer - one bitcoin or an ounce of gold? If your question is "one bitcoin", then I'll gladly pay you one bitcoin for your ounce of gold.

What would you prefer - ten bitcoins or an ounce of gold? If your question is "an ounce of gold', then I'll gladly sell you an ounce of gold for ten bitcoins.

cbeast

donator

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Let's talk governance, lipstick, and pigs.

Quote from: HeroCat on November 18, 2014, 02:40:44 AM

Gold you can buy in the bank and also keep in the bank. There are a special gold, which you can buy or sell easy. The only thing is that you must pay to bank for gold keeping service. There are a lot of people, which do this - in Switzerland banks for example.

Ask Switzerland about how their gold repatriation plans are going.

HeroCat

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Gold you can buy in the bank and also keep in the bank. There are a special gold, which you can buy or sell easy. The only thing is that you must pay to bank for gold keeping service. There are a lot of people, which do this - in Switzerland banks for example.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

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