Compared to Bitcoin, gold doesn't seem real... - page 6.

Melbustus

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

...while I've already lost loads of data because of hard disk failures.

Sounds like you're doing it wrong.

It's *far* easier (and cheaper) to secure (and transport) non-trivial quantities of bitcoin than non-trivial quantities of gold, for all the reasons OP noted. Dismissing all those reasons because *you* are not good at backing up your own data does not refute anything.

countryfree

legendary

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Your country may be your worst enemy

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.

Flashman

hero member

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Hodl!

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.

Bitcoin Magazine

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i buy RandGold (Nasdaq: GOLD) cause it has my name in it. Rand. liek Rand al'thor

Melbustus

legendary

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Agree with OP.

The idea of gold as money is somewhat similar to the core idea of Bitcoin, but with many fatal implementation bugs.

colinistheman

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Quote from: Beliathon on November 17, 2014, 11:48:43 AM

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

Compared to Bitcoin gold doesn't seem real... secure.

That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.

Hah, and then how do you spend it. Totally impractical

Billbags

sr. member

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Brainwashed this way

The level of security and protection that Bitcoin gives us without having to relying on violent institutions like governments is amazing. Bitcoin takes away the threat of violence because no one knows our true identity or physical location, so no one can come take what we have or do harm to us.

Beliathon

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https://youtu.be/PZm8TTLR2NU

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

Compared to Bitcoin gold doesn't seem real... secure.

That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Compared to Bitcoin gold doesn't seem real... secure. Sure you can keep it in a vault, but then you can't spend it. If you do carry it around, it's far more noticeable for robbers to steal than cash because it's heavier. It's harder to hide in your home because of metal detectors. Even vaults aren't safe without armed guards, which are expensive and sometimes untrustworthy. Bitcoin can be secured in ways that are impossible to steal, even under duress with five dollar wrenches. That way, they can't even be stolen by home invaders. Bitcoin may be volatile, but gold can be easily stolen. They are easily hidden and layered with decoys. They can be time locked better than any bank vault. Bitcoins can protect some of your wealth even when you are wrongfully judged by an imperfect society. With Bitcoin, you can travel the world and know your wealth is secure. You can have much faster access to liquidity with Bitcoin if you really need it. Bitcoin just makes you feel so much more secure. It makes you feel like credit cards used to before all the identity theft and privacy issues. Why would anyone feel personally secure with gold?

Topic: Compared to Bitcoin, gold doesn't seem real... - page 6. (Read 7506 times)