Topic: 'Gold in the Hand', versus 'Chinese Bitcoin' in the Bush - Which has REAL Value? (Read 283 times)

So much sooo wrong here....
Gold is irreplaceable for interconnecting components with many many applications in electronic devices. If there were other more viable metals to be used in place of it manufacturers would NOT be using expensive gold.

Regarding "Gold can easily be dissolved", no, it cannot. To quote the Wikipedia article on it, "Gold is unaffected by most acids. It does not react with hydrofluoric, hydrochloric, hydrobromic, hydriodic, sulfuric, or nitric acid. It does react with selenic acid, and is dissolved by aqua regia, a 1:3 mixture of nitric acid and hydrochloric acid. Nitric acid oxidizes the metal to +3 ions, but only in minute amounts, typically undetectable in the pure acid because of the chemical equilibrium of the reaction".

The statement about is utterly pointless given that Bitcoin is not a physical thing  

All that out of the way, personally I'll take Bitcoin as an asset over gold any day. Precious metals have their place as an investment medium but do not have the growth potential that crypto has.

Physical gold and virtual gold (bitcoin) are different in terms of price too, where the price of bitcoin is more expensive than physical gold but the advantages of physical gold will continue to be worth even though it is as small as a grain of dust (likened to) but bitcoin if there is no community and everyone has tired of mining or something i think bitcoin will be worthless and just a memory
sorry if my opinion is wrong because this is my opinion i prefer physical gold

The Bitcoin as we know it.. maybe. Why would we ignore the fact that it's open source though? Solutions in the open-source world exist for almost anything, including this theory that you're trying to propagate. Even if Bitcoin as we know it ceases to exist, there will come another version of it that will not be defunct anymore.

If you hate on BTC that much, why even bother wasting your time here?

I completely agree. In addition, I still have absolutely no confidence in any Chinese projects. It seems that there are interesting ones, but the courage to work with them is not enough.

It can be said that gold and bitcoin will always coexist, if we save gold it is certain that the risks we face are light, even though we store gold for a long time, but the profits we get will not be high, in contrast to bitcoin, bitcoin does have a high risk. high, but if we store it for a long time, it is likely that the selling value will be high. The risk is high, the profit we get is also high.

The tangible will exist, the bitcoin derived from a 20 year old NSA crypto called SHA256 has a limited shelf-life before hacked;  Within the next 5 years BTC will be kaput.

I agree, gold and bitcoin will coexist and play different roles.
In the future, if bitcoin continues to be seen by everyone as a place to invest with high profits and risks, gold is a place to store assets with a low level of risk.

If we think about what gold is, we will quickly understand that it is a fairly universal means of payment for its time. Once upon a time, when the gold standard was in effect and the dollar could be exchanged at a fixed rate for gold, there were clear rules of the game. But when he was untied from this rule, the world slowly began to plunge into chaos. Now the era of bitcoin has come. Gold is completely uncompetitive in this case and it makes no sense to compare them.

Bitcoin is like the gold of the crypto market, but it will not replace physical gold.
Even if the price of bitcoin surpasses gold many times, it will not replace gold, perhaps the two will develop and play different roles.

What do you mean by virtualizing of gold? Y’all should stop with all these confusion, gold remains what it is , it can’t be virtualized, but you can still invest in online and own a share of it from companies that have real gold bars (unless that’s the virtualizing of gold that you’re talking about, whereby companies dig or buy physical gold bars, and then let people own a percentage share of their storage of gold’s by investing, since people can’t go around with physical gold bars). So, I am guessing that’s what it is, because it is not changing from that.

Next thing I would like to add is that you all should stop looking for replacement, because none of these two things that you have mentioned here is going to replace the other, they are both going to still be around, just make your choice on what you like and stop trash-talking the other ffs.

You think too much of “what is currently the better investment”. Wrong path.


What can they do to the network? It’s the full nodes that give demand to what they produce. Blocks. The nodes demand that miners follow the consensus rules, or be rejected.


How did the government censor those “bad transactions”. No one can censor Bitcoin, it’s censorship-resistant.

I wouldn't put too much faith in gold, it'll probably be worthless very soon.  It may be a shiny metal, but there are other metals that are far more useful, like: copper, aluminum, iron, tin, nickel, magnesium, tungsten, among others.

Gold can easily be dissolved (yet another way it can go to zero) by red fuming nitric acid, aka Aqua regia.  This cannot be done to a bitcoin.  It is not currently possible to dissolve a bitcoin with any known acid, this alone gives it greater value.

The uselessness of gold has become more apparent as the knowledge and usefulness of bitcoin has spread. Moving forward this will continue as bitcoin's penetration increases.

@btc-room101

What are you doing here on Bitcointalk?, this is a Bitcoin forum, not a Gold forum

You are making comments about Bitcoin and Gold and proceeding to "correct"
who counters your points, again this is a Bitcoin forum.

Most of the threads you have started HERE are negative leaning, are you trying to convert us all?

You should ask theymos for a name change - gold-room101

A true statement? Yes or No?

Lot's of people pump BTC on this 'forum' and don't own any BTC, lots of them get promised BTC if they post.

People who have never setup a full-node, or a wallet-server, or hacked code for BTC, or cloned BTC, what do they really know about "Bitcoin" Nada

People who have never lost BTC because they failed to backup the original wallet-password, and priv-key; Now they know something, you learn BTC in the gutter, getting beatup. It's best to learn BTC when you have little to lose, worst misktake is to come in with all your ammo, and get wiped out  on the first little mistake.

Hell were supposed to talk about "GOLD", how can you mess this up? Well idiots buy fools gold all the time, so its does happen. When you buy gold, go to a legitimate gold shop with lots of customers and pay cash. All gold shops have quick test, to handle the walkin gold.

Which has real value? Gold in the Hand, or a big random number on a computer?? What is better when the SHTF?

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Well it does change the fact if your fact's are lies.

Let's see Hedge? Worked Summer of 2020 until two weeks ago, since two weeks ago you would have lost your arse. ( If U want a hedge going forward in crypto DOGE or ETH will do better )

Self-Soveriegn my ass, owned by the CCP (chinese-gov), all Mining is in CHINA, all MINING HW is in China, U think CCP is sovereign?

Censorship? Resistant BTC gets $2B a year stolen exchange theft & social-engineering, its the biggest ripoff for criminals in the world right now ( people come to BTC to get rich, not really sure what your getting to here, but if you want to spend the 'fees' you can post a string of characters in the blockchain, they charge by bytes; its not censored if this is what you mean? I doubt it. )

I'm going to guess that this is a new one they have pulled out of their arse "Censorship resistant fiat', or 'censorship resistant toilet paper', what does it really mean I can draw porn on my toilet paper now??

Control of State? R U insane BTC came out of the NSA, sha256, & secp256 are NSA algo's, NakamotoSAtohshi picking secp256k1 is proof that he was NSA, nobody else was even using it at the time.

The exit's&entrance of BITCOIN  are exchanges, in the USA they're now just fronts for the IRS to collect tax information for non-compliance.

Why do you even bother with your lies? It only works on newbs

Last one funniest of all, so U think China the largest population on earth is not a State? Or do you just choose to ignore the fact that all mining - building blockchains and accepting transactions is done in CHINA, under CCP ownership ( that's right CCP owns all the mining HW in China ).


[moderator's note: consecutive posts merged]

That doesn’t change the fact that Bitcoin is very useful as a hedge, and self-sovereign, censorship-resistant cryptocurrency, that’s issued outside of the control of a State.

Let's see,  on the one hand you have a tangible with 100k year history of value.

On the other hand you have an intangible with a ten year history.

I really think this is the result of video games, where most millenials think that tangible and intangible are the same thing.

Still haven't gotten a single person here to come to the realization that we're not talking about paper-gold, or USA controlled NSA-BITCOIN.

We're talking about physical-gold in your hand, versus a crypto-currency that is controlled by the CCP ( china-gov ) called Bitcoin.

It's mind boggling, not only is bitcoin non-tangible, but its created by an aggravated enemy of the USA. China got rich making the mining-hw, running the pools, and running the miners to make BTC, and selling it the West. Then China uses the US-dollars to BUY GOLD. The Chinese miners decide which transactions go into the block-chain, coming 'black-lists' will seal the fate of BTC.

This is what the Chinese call the 'fire drill' ( driver gets out and runs around the car ) or pocket money, where money comes in left-pocket, goes out right-pocket  a magic trick played on the Western Fools.

this is a misunderstanding of Bitcoin itself....Bitcoin is not digital gold, Bitcoin is Bitcoin. ^{(stop calling Bitcoin is digital gold)}

i am surprised you are not tired of writing this all.  i ask you, are you a Hodler or are you just someone who wants to try to brainwash all of us with your understanding which i think is nothing special!

I understand that Musk is up there right doing a survey and its next crypto-meme, asteroid-coin, aka space-chain SPC; 'Beyond the Moon' is the meme

But honestly its more of the same 'Looking over there, tomorrow we'll have X', but what do we have today? Over-Priced virtual shit-coins(BTC), and versus 100K year old wealth;

Still nobody know nothing about "chinas" ownership and control of bitcoin? Odd? Utter silence, sort of like Wokism

I am not convinced about that, if there is only Bitcoin in the cryptocurrency space then we should have said that it is special, general investors look at the cryptocurrency market and see thousands of coins, literally codes with different names and they do not see anything special as well. Past performance is not indicative for the future performance but if gold is viewed as a source of wealth for thousands of years you cannot expect that to change all of a sudden.

I have seen an article about an asteroid filled with gold and the space agencies are making planning to route that to earth, if it is possible then we might see abundance in gold and the price might go down. 

OK, then how can you pay your dealer for $75.00 worth of Heroine if you’re holding $100.00 worth of Gold in your pocket? Do you bring a scale with you to weigh the Gold? Do you bring a tool with you to cut away $25.00 worth? Or, why not sell the Gold for fiat, then buy the Heroine.

The point is, Gold makes the worst Medium of Exchange.