Gold forum | Bitcointalksearch.org

Aptekary

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Activity: 602

Merit: 10

Quote from: ck343 on June 18, 2019, 10:22:04 AM

@ Jet,
you have a typo on your site: Jet Cash is the sobriquet used by Kuffy for his activities in the world of ctypto-currencies Wink

Pythagoras copyrighting the Pi --> Family Tree Research, the most lucrative business in Greece

Bitcoin as a virtual asset having real, not just fiat value.
That's an interesting concept.
I must admit, I'm not there yet.

Today someone wrote that Bitcoin is information, and as such, at least in the USA, it is protected by the 1st amendment, which would make impossible for the US authorities to ban it.
Interesting ideas

The USA has very interesting laws and I agree with the opinion that every activity and every new thing has a right to exist. But we must take into account the fact that some things can be harmful. Of course, the fact that in the United States laws are passed, with the help of which you can regulate the activity of cryptocurrency, as well as keep abreast of all possibilities of abuse.

ck343

jr. member

Activity: 108

Merit: 1

@ Jet,
you have a typo on your site: Jet Cash is the sobriquet used by Kuffy for his activities in the world of ctypto-currencies Wink

Pythagoras copyrighting the Pi --> Family Tree Research, the most lucrative business in Greece

Bitcoin as a virtual asset having real, not just fiat value.
That's an interesting concept.
I must admit, I'm not there yet.

Today someone wrote that Bitcoin is information, and as such, at least in the USA, it is protected by the 1st amendment, which would make impossible for the US authorities to ban it.
Interesting ideas

Jet Cash

legendary

Activity: 2744

Merit: 2462

https://JetCash.com

I used Kitco when I had the recycling business, and that was mainly for copper and aluminium news. I went to the forum becuase somebody posted about them talking rubbish there. I don't like to see people who don't understand Bitcoin dismissing it. It took me a while to understand how virtual assets can have a real value, and not just a fiat value. I didn't get it until I realised that things like novels are virtual assets with a variety of physical manifestations. The asset is in the virtual novel, and not the manifestations. I guess it is a bit of a leap to relate that to Bitcoin, but once you do it, you can understand how a mathematical solution can have such a value. Just think of the value if Pythagoras had put a copyright on Pi.

ck343

jr. member

Activity: 108

Merit: 1

@Jet

maybe as a consolation for you, I went there and I looked around.
I was a regular over 10 years ago.
The difference is abysmal.

At that time, I'm talking the gold and silver threads, there was 10x traffic than now. No kidding.
The forum is almost dead.
Several threads in the first pages being opened by the moderators, which is desperation, with spare comments figures.

Kitco was one of the biggest forums about precious metals at the time, and was known for being very strictly moderated.
I guess, kitco forums deadness mirrors the current market sentiment for precious metals

Jet Cash

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Activity: 2744

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https://JetCash.com

Quote from: ck343 on June 12, 2019, 08:19:56 AM

@Jet Cash, over at kitco I read Banned Full. Did you step on some wrong feet?

I put a link to Jet Cash in my sig, and they banned me for advertising. I forgot it has a link to Bitcoin Talk on the index page, and they probably didn't like that. Never mind, it's their loss. I leave them to carry on talking rubbish and misinformation.

Kriptonian1661

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Activity: 42

Merit: 2

Gold & platinum came to Earth in a massive star explosion that is why it has such massive value and appreciation.

Upgate

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Activity: 560

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The both have this similarities (gold and bitcoin) that you should invest to make profit. But major difference is that bitcoin is a digital currency while gold is not and you can feel and touch it. All the same bitcoin is a big threat not only in gold but every currency. Day by day bitcoin grows but the demand for gold is not to be compare with bitcoin

ck343

jr. member

Activity: 108

Merit: 1

@Jet Cash, over at kitco I read Banned Full. Did you step on some wrong feet?

ck343

jr. member

Activity: 108

Merit: 1

Quote from: vader18 on May 30, 2019, 05:26:29 PM

Wow, these gold bugs really hate Cryptocurrency with a passion. ... Crypto is the future.

Blockchain is the future.

Cryptos have an advantage vs. gold: they use blockchain.
Gold is the future as soon as it get put on the blockchain.
Keeping your confidence in blockchain doesn't imply to throw away the one in gold!

What many gold bugs populating the precious metals forums like kitco don't understand is the possibility to merge gold and blockchain.
Their stance is to refuse blockchain, to consider it gold's enemy, while actually this new technology could evolve to be the best friend of gold, allowing him to get a central role in our financial system.

Jet Cash

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Activity: 2744

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https://JetCash.com

The forum is very slow, and it may reflect the attitudes of many bankers and commodity traders. I've used it for years to check on copper movements, but I didn't ever visit the forum. I'll try to clear up a few myths, and see if I can promote Bitcoin.

spadormie

sr. member

Activity: 840

Merit: 268

Quote from: Jet Cash on June 08, 2019, 12:21:19 PM

I signed up to the forum, and I added a post to this thread
https://gold-forum.kitco.com/showthread.php?150735-value-of-Bitcoin-after-all-coins-have-been-mined

There is too much crap posted about Bitcoin. Let me know if you disagree with my comment.

Nice clarification about bitcoin mining Jet Cash. They are traducing bitcoin because they are promoting gold and that's fine. Tried searching on that forum for more info about and found out the same. Anyway, their forum is not that well designed and too many ads.

Jet Cash

legendary

Activity: 2744

Merit: 2462

https://JetCash.com

I signed up to the forum, and I added a post to this thread
https://gold-forum.kitco.com/showthread.php?150735-value-of-Bitcoin-after-all-coins-have-been-mined

There is too much crap posted about Bitcoin. Let me know if you disagree with my comment.

whyrqa-1

member

Activity: 350

Merit: 10

It seems to me that gold and Bitcoin should be treated differently. Gold has been the value of all times and peoples and will remain this value forever. And Bitcoin And cryptocurrency is not only a fad, but also high technology, which is relevant today. But you should notice that everything changes in the world, but the values remain the same.

veleten

legendary

Activity: 2016

Merit: 1106

tempora mutantur et nos mutamur en ilis
times change and gold used to be the true value because of it versatility as a store of value , payment vehicle and a useful material
nowadays our world is more about energy and information , hence to me bitcoin is the next gold
be it bitoci or another asset to come in the future I do not know , but one thing for sure - gold won't be in the top forever

bettercrypto

sr. member

Activity: 1372

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★Bitvest.io★ Play Plinko or Invest!

Quote from: vader18 on May 30, 2019, 05:26:29 PM

Wow, these gold bugs really hate Cryptocurrency with a passion. I was a gold bug myself years ago. I would visit a gold site called kitco and read all the threads about metals and a return to a gold standard. It was there, on the kitco site, that I first heard of bitcoin. Being young and only slightly invested in metals , I found it easy to switch to bitcoin. I’d imagine if I had been older and more heavily invested in gold, I’d most likely been jealous and hostile toward something that could threaten my investment like bitcoin.
Anyway I stumbled onto the site recently, and was surprised to find a Cryptocurrency section. Then I read a few of the threads.the section clearly isn’t there to educate or inform anyone about Cryptocurrency. It’s just a lot of fud. Nearly every post is about something negative. I thought gold and cryptocurrency people had more in common. I am still into metals, though if I have any extra funds , every single penny goes to crypto, not wasting it on metals anymore. Crypto is the future.

Suppose to be, bitcoin and gold should not be compared. If I have these two luxurious things on earth, I will treasure both of them. Imagine, maybe someday we can see that gold and bitcoin will become valuable things in earth. I believe that crypto is future and it make sense if it will be recognized by people today.

casperBGD

legendary

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Nil Satis Nisi Optimum

gold did not move a lot last year, but it will be different if FED starts to move interest rates lower (to cut it), then Gold will be on demand of professional investors, and it would be great to have crypto in that game as well

ck343

jr. member

Activity: 108

Merit: 1

Quote from: gentlemand on June 07, 2019, 05:34:57 AM

Quote from: ck343 on June 07, 2019, 03:05:43 AM

I'm a metal rather than a crypto person, but I share the disgust for some gold bugs forums.
Talking about gold-backed stablecoins, you would think to find some interest among them.
The climax of their argumentative level reduce itself to the classic If you don't touch it you don't own it.
They keep repeating it like zombies

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

I have no problem in trusting an institution, as long as I choose which one.
So I have no problem with centralization.

I don't share the assumption that the main point of cryptos is decentralization,
just as much as, for example, I don't share the assumption that the main point of cryptos is anonymity.

Long term, Gold is more stable than the $.
Gold can save the purchasing power of its owner much more that the $ can do.
That's the main point of preferring a gold-backed stablecoin vs. fiat

What a relief for once not having to read the "If you don't touch it ..." meme!

Thanks gentleman

Linkkoin

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Activity: 476

Merit: 88

Online Cryptocurrency Exchange

Gold price in last years did not move a lot. Considering the fact, that we have inflation and there are storage costs it is not something you can earn on anymore.
In our opinion, the only reason behind investing in those metals is if you are a prepper (but then you need to store it physically in a safe way).
Anyway - the next upcoming recession will give us a clear answer if cryptos will fully replace gold as a safe haven or not.
We bet that the majority of people here have made up their mind a long time ago.

gentlemand

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Welt Am Draht

Quote from: squatter on June 07, 2019, 06:15:54 AM

It's partly about the ability to easily hedge, trade and collateralize positions. If ounces of gold and barrels of oil were tokenized, they could be traded and collateralized just as easily as cryptocurrency is today instead of traders being limited to buying and selling exchange-issued futures contracts.

There may also be privacy benefits. Tokenization -- assuming the tokens are issued on a decentralized blockchain like Ethereum -- ensures the existence of secondary markets and the ability to avoid centralized exchanges and KYC. Regulations around stablecoins and cryptocurrencies (at least for now) are much more lax than those governing securities.

So, if you want to trade gold and do it away from prying eyes, this might be one avenue. It obviously doesn't solve the trust issue (it's essentially paper gold) but it brings other benefits.

Maybe I was being too literal minded.

A gold token, why not? A gold coin as an alternative to a dollar coin for trading, I wasn't getting it.

Since gold has long gone full paper then there's no particular reason not to. It may be less offensive than full paper gold but in no way will it tempt committed gold bugs and rightly so.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: gentlemand on June 07, 2019, 05:34:57 AM

I don't really see the point of a gold backed stablecoin.

The main problem with a backed anything is the centralised holding of the asset backing it. Since you're going to have to make your peace with that regardless of the asset you may as well stick with the dollar. If the point of a stablecoin is stability I'd rather erase the modest amount of volatility that something gold backed would produce.

I see no reason to pointlessly lose or gain a few per cent here and there. It would be an annoyance more than anything.

It's partly about the ability to easily hedge, trade and collateralize positions. If ounces of gold and barrels of oil were tokenized, they could be traded and collateralized just as easily as cryptocurrency is today instead of traders being limited to buying and selling exchange-issued futures contracts.

There may also be privacy benefits. Tokenization -- assuming the tokens are issued on a decentralized blockchain like Ethereum -- ensures the existence of secondary markets and the ability to avoid centralized exchanges and KYC. Regulations around stablecoins and cryptocurrencies (at least for now) are much more lax than those governing securities.

So, if you want to trade gold and do it away from prying eyes, this might be one avenue. It obviously doesn't solve the trust issue (it's essentially paper gold) but it brings other benefits.

Topic: Gold forum (Read 741 times)