Topic: 'Gold in the Hand', versus 'Chinese Bitcoin' in the Bush - Which has REAL Value? - page 2. (Read 322 times)

To be fair, I know some dealers that will gladly accept gold as a payment for drugs and I know this because people in my country go ape shit when something is made out of gold, it is a status symbol in this country so it will look far more easy to buy drugs with gold.

NO its NOT.

If you hide your gold, I can never find it.

If I know anything about you, from social-engineering, I can determine your private-key, and sweep your funds.

BITCOIN is not fungible, there are 3 flavors of BTC addresses - virgin mined, pristine, and mixed; Coinbase will not accept mixed, most BTC today has been mixed. Please stop the talking points, its boring. BTC is not fungible, why do you even bother bringing this up?

There is nothing REAL about a number on a computer.

BTC is a 'pet rock' on a computer, price discovery is based on bullshit, up/down, greed/fear.

Gold is liquid, can be sold anywhere on earth, anytime. BTC requires fools, fools with money which is rare, as most people on the planet are poor.

In China if your BTC address is on a black-list, then expect 20% par from black-market. If in USA your address is on a COINBASE black-list, or tainted expect to have to sell it on the black-market for penny's on the dollar.

The entire scam of BTC by GOV is in the future all addresses have to have KYC association, otherwise black-listed, worldwide this is coming.

CHINA controls BTC, they don't want  their people moving yuan outside of China, USA has same problem, but USA already has IRS-COINBASE to be their policeman.

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I don't think so, just getting these people to admit that CHINA the CCP now controls BITCOIN is a miracle of god.

Nobody is comparing the king of shit-coins(BTC) to gold; What we're comparing is physical-gold  in the hand, to this thing you call BTC, where the block-chain addresses/transactions are determined by Chinese Consensus Rules.

Like this thread, from the first response, they go on to talk about "GLD", paper-gold, or computer gold, its like people can't step back from 'virtual reality', he it ain't real to begin with, so don't try to virtualize 'gold', you either got it in your hand or you don't

BTC is the ultimate shit, because all are told to HODL and not sell, so real price discovery has so far never really been allowed to happen.

Millenials are going for DOGE these days, get with the program.

Savvy Tech's were sold a pile of bile in 2009, about privacy, anonymity, and 'make your own bank', today all know that BITCOIN is US-GOV 100%, that's why BTC is down, and real alt-privacy coins are skyrocketing.


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That's a very old discussion and discussed many times already. We need to understand that there should be no comparison between physical gold and bitcoin as they have different nature. So no asset will replace the other one ever! The physical gold is being used since many centuries and have become an integral part of human life. Bitcoin is comparatively new and has quickly become popular amongst the millennials and tech savvy generation.

Both will stay in the market without replacing one another. I personally invest in both of them and that's how it should be! There's no need for a comparison.

Gold in the hand is the same as owning Bitcoin with your private keys. They are both yours in the genuine sense of ownership. They both have real value. But why the question?

I am one of those people who believe that all Bitcoins are the same and equal. Bitcoin is fungible. Your Bitcoin gained by selling cocaine and my Bitcoin paid to me for my honest work are the same Bitcoin. They are equal. We may attach all sorts of subjective value to them but such attachments, like values on the basis of the country from which the Bitcoin is mined, do not apply to all. Their real value is the one that prevails. And their real value says that 1BTC=1BTC not 1BTC from deep web = 0.95BTC in real value or 1BTC mined in China = 0.5BTC in real value.

No get the context of the post. Can I approach a dealer and use Gold to buy Heroine without laughing at me? Because I know there are Dark Market sites in TOR that would be very happy to accept Bitcoin as payment.

You know historically Opium is called black gold, because by weight its worth more than gold.

When Opium was transferred to buyer by wooden-chest, the seller wanted GOLD, which was universal 'money',

Hell even JP-Morgan ( the bankers banker ) once said "Gold is money, all else is credit"

Heroin is just refined Opium using a very simple process with commonly found house-hold materials.

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Miner's control the blockchain, they decide which transactions go into the blockchain.

Consensus rules is software, so long as 51% of the miners are running the same software, the consensus is fair and nobody can cheat ( double-spend )

Given that +67% of all mining is done in CHINA, and most are running the same BITMAIN hardware that calls home to a company that is now under CCP control.

Even most of the mining pools are in China, under ANT-Bitmain, alibaba, taobao-jack ma control, now CCP

It would a super simple matter for CCP to tell miners to all run a "CCP Approved Mining" software mining app, or even better when the BITMAIN ( or any china hw mining box ) calls home, to just have the approved transactions scraped.

People don't understand is that China is 'community rule' they do all do what GOV says for the good of community, and its a good system ( seen with my own eyes ), for they care about the people, unlike the USA where GOV doesn't give a shit about the public ( think how cops kill at random )

BITCOIN greedy people let it evolve this way, they let China take over mining ,and they let CCP take over BITCOIN; Here on this board of course its been denial for years, but everytime BTC price goes down, people open their eyes and ears for a short time.

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Tangibles say a gun, are an force multiplier they make the weak strong. Intangibles like bitcoin are useless in the real world, unless you find a greater fool. A fool that buys your bullshit that your promoting.

The argument is always my virtual is stronger than your physical, sure that's a strong argument. Study philosophy, people used to murder each other over such abstract reasoning. Like "how many angels can dance on the tip of a needle".

Assets fall out of favor all the time. The reason GOLD is down right now is because its liquid, people need to cover their margin calls. The reason BTC is slow to collapse, is that its extremely hard to exit 'hotel california'.

I like the fact that you talk about 'shiny' as if it meant something, like the shiny bitcoin's we see all the time on websites, to suggest that bitcoin is a tangible like gold?

FIAT is backed by nothing, that is what begat bitcoin in 2009, it was a non-issue, everybody agreed the USD was shit.

If this is econ&finance 101, then your are a bot.

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The market decides what has more value.


Bitcoin is not truly “backed by nothing”, it relies on the free market for price discovery. If there’s someone who’s willing to buy my Bitcoin for $1.00, then that’s the price.


It’s not as simple as that. Haha. Miners don’t decide, they simply follow the consensus rules.


Can Gold be used to buy Heroine?

No asset is going to REPLACE another asset.Physical gold and Bitcoin will continue to exist for years.
Just like how fiat money and Bitcoin/cryptocurrencies will continue to exist for years.
OP,your post is just whining about everything without providing a solution to any problem.
Bitcoin is a programming code,backed by nothing.
Gold is just a shiny metal-backed by nothing.
Fiat money are backed by nothing.
Nothing is backed by nothing.
Is this a problem?NO,because value is a concept.Something is valuable,because a big number of people think that it has value.
There you go.This is economy and finance 101.

Most of the stuff you have underlined is not different much from gold to BTC. You can't really sell gold "anywhere" anyway - even if you do, you will most likely be paid for the weight and not the real value of the coins/bullion. Bitcoin ATMs are nowadays there in almost every larger city.

And then, why should Bitcoin go back to zero? It was only zero because it was only discovered. Do you know how much the first ever gold nugget has costed? Do you know how cheap gold was if you go back to 1900?

Bitcoin is backed by math. Virtual gold would be backed by.... physical gold, which cannot be truly, legitimately audited. So no, Bitcoin will not be replaced by the virtualization of gold since the latter cannot be decentralized in the first place.

Therea re so many flaws in your arguments and all they really require is logical thinking..

I agree, and hungry men will soon be shown a plate of food, and like Jesus they'll be satisfied of hunger.

Same thing goes for porn, everybody will be masturbating and give up on women. Porn will sky-rocket and only available as NFT

Insanity that new 'normal' for midget minds.

Yes, post reset. Permanent lockdowns, who needs real tangible wealth (gold) or real food, just slip that Bill-Gates biosyn beef burger under my door.

BITCOIN's 'proof' only works because the majority of the West are now  mathematical illiterates. All of the BTC propaganda is a lie, but we live in an era of lies, and people will greatly accept lies, if it means they can be 'rich'

The irony is they're rich, but must spend their lives in a lockdown box.

The idiots tried to destroy the statues and history as quick as possible, but they forgot to ask 'who is running the machine' to keep the DOD-TCP-IP runining?

Western people don't even own gold, and never did; In ASIA everybody owns Gold, if you ain't got gold, forget about ever having a wife. The problem is porn and Bitcoin has rotted the western mind.

The western midget minded man-child thinks that virtual-reality beats reality, and virtual-currency trumps real wealth. This is not going to end well for the western mental midgets

Synthesizing gold is alchemy, and was practiced 1,000's year by con-artists, BITCOIN is modern alchemy making money out of nothing but bullshit.

Yep, MUSK is going to find lots of Gold any day now when he's out scouting the nearby asteroids.

The recurring problem, is that most of the world don't give a hell about money, or getting rich. They just want comfort, a home, family, children, and a wife. But the BItcoin nut-cases have lost touch with reality, when they get older their going be some real messed up senior citizens in pampers.

In times of crisis the last thing that anybody will want to see is your smart-phone, in a crisis you will not be able to charge the damn-thing, nor will there be an internet for it to talk with; Most people will fall back to barter, if you have something worthwhile to exchange you will live, if you babble about bitcoin, or crypto they'll probably just shoot you and eat you.

We live in an era where people never put down their smart phones, nor ever look at another person in the eyes, no wonder they think that 'humans' have changed, no people to tethered to an iPhone/Android tracking device are now non-human, but the rest of us are just fine.

I'm quite sure that Bitcoin will replace Gold as the main proof-of-value/hedge solution in times of crisis soon. You see... the psychology of humanity is starting to change. Gold is so praised because it held its value through crisis for thousands of years. But remember... past performance is not indicative of future performance. Together with the abrupt technologization of the society changes are produced at psychological level. Many traditions are no longer respected, new "traditions" take their places. This is how evolution works.

Gold is not that scarce - we don't know how much more is there to mine on Earth, how much are we going to be able to recycle in the future or if we're going to be able to synthesize it labs or find it on other planets or asteroids. Gold has its value, I'm not denying it, but Bitcoin, especially at this price in my opinion is a no-brainer choice.

What asset is better? Do you think at some point in the future Virtual Bitcoin will replace Physical Gold? Or will Physcial Gold eventually adapt itself to the digital era (virtualization of Gold)?


DIGITAL GOLD is very similar to DIGITAL BITCOIN both are virtual intangibles backed by nothing. There is a reasons they call assets "Real Assets", and then there are 'Intangible Assets"

+67% of all mining on earth is done in CHINA, miners build the blockchain, the blockchain decides whose transactions are completed.

Digital Gold say GLD is already here, and its a complete scam, as they trade 100x more gold than they hold, just like 'fractional reserve banking' where banks loans 10x more than their deposits.

Originally bankers held gold, but they figured out they could loan out more paper-gold than gold they actually held, because the owners of physical gold infrequently came to the door asking for gold withdrawals and such is our history of GOLD FRAUD

Correct comparison with BITCOIN & GOLD, is GOLD means physical gold under your physical control, where nobody knows where its hidden, not even the Government.

GOV loves Bitcoin, they know how much everybody has, and they control exit-entry, so they can control you every action 100%

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Physical GOLD in your hand has never gone to Zero. In Time BITCOIN will return to zero, or some new alt-crypto will fall into favor, and bitcoin will gradually become worthless, all new technology evolves this way. BITCOIN is just software-technology.

The majority of people engaged in the BITCOIN vs GOLD debate like to compare 'virtual gold' to bitcoin, sure its easy to compare two hypotheticals or virtuals, you can make up any argument you wish.

With physical gold, there is no argument, you either have it or you don't, its either fake or real; End of discussion.

With BITCOIN since its 'ethereal' it can be anything to all people, it can be twisted into any abstraction you wish, because its just an abstraction, its not a tangible asset. It's not real property.

BITCOIN is a religion, your either a believer or a doubter.

GOLD is real, its either there or it isn't. You can go anywhere on earth and sell your gold.

BTC you need the internet, you need to find someone who will 'trade', you need  a public place. All BITCOIN is serialized, just like a tattoo on your forehead. All GOLD can be melted down and is indistinguishable. All BTC is marked forever either good or bad by the GOV.

Impossible to sanitize BTC, as 'mixing' now permanently scars that BITCOIN for life, and same for exchanging in a casino.

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In summary the argument on this forum is that GOLD is worthless just like BITCOIN, cuz its just digits on a computer. No that's not true, because most owners of GOLD will tell you, if you ain't holding it, you don't own it.

Just like BITCOIN, most people don't hold their own private-keys, they're ignorant of how BITCOIN works, they let the exchange hold their keys, so they don't even own their own bitcoin.

The problem is most Western people don't own gold, but most Asians own gold.
Most western people don't even own bitcoin, because they let the exchanges hold their keys.

You can't argue with a fool that doesn't own anything, because he doesn't have a clue what ownership even means.

Just like when you deposit your money in a USA bank-account, its no longer your money, the bank owns the money, you get a 'promissory note' as evidence of your deposit. If the bank steals your money, or another party, if your lucky insurance will cover your loss. For BITCOIN there isn't even insurance if somebody robs the exchange.