If everyone used GOLD instead of paper money like the sheep we are and just igno

wuvdoll

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Quote from: darewaller on January 26, 2016, 12:37:49 AM

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Gold is not practical, that's why nobody uses it.

Even if the government would force people to use gold, people would quickly switch to checks and other notes.

Paper currency is just an evolutionary step from gold. A shitty one, but still.

Bitcoin is the next step, people want their money to be easy to use, bitcoin is perfect for that.

Gold was always treated as commodity but was never treated as cash. That is why when people import gold from foreign countries, they have to pay a huge amount as custom duty. Bitcoin will be completely different and it can be used as cash as well as commodity.

Same case goes with bitcoins and hence Government hates it as they cannot track the amount of bitcoins every person has. If users had to be used as fiat, I doubt how users would measure the gms and buy their day-today things. It would be damn tough unless we had coins having a certain value.

RealBitcoin

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Quote from: darewaller on January 26, 2016, 12:37:49 AM

Gold was always treated as commodity but was never treated as cash. That is why when people import gold from foreign countries, they have to pay a huge amount as custom duty. Bitcoin will be completely different and it can be used as cash as well as commodity.

Yes, gold has value, but it's impractical to use it like cash. That is why paper money got invented.

Although now we see the flaws of paper money, so that is why bitcoin was invented.

And bitcoin will stay Wink

Amph

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Quote from: markj113 on January 25, 2016, 02:25:18 PM

In the UK no records are kept at any bullion dealer unless you buy more than £5000 in one transaction or over £10,000 at one dealer in a financial year.

Spread your buying across multiple dealers and there will be no records of your gold purchased

I would say gold is not that centralised, most people in the world own a little gold jewellery at least.

that is good to know, but it means thta you're limited, about the amount you can hold, if you don't want to be tracked

not so diffferent than fiat were below 1k you're not tracked for money laundering, for example...

naidray

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Quote from: davinchi on January 25, 2016, 06:24:24 AM

Quote from: michietn94 on January 23, 2016, 11:37:20 PM

You need more precise value by cutting the gold into appropiate size which may be difficult for us to buy and sell.

Let say for example:
if you want to buy a TV cost $ 1000 , you need 1 bar of gold. ( still easy to trade)
But when you want start to buy vegetable that cost less than $ 10 , it may be difficult to buy them with gold

It was because of that problem people of past ages left using gold as money/fiat, as it was not possible to exit an amount of gold of worth $1 or less. It became difficult for that people to buy things like vegetable, and other small things for home and other daily use.

That's right as if we check the price today, even 1 gm gold = $45 or more and hence for buying small items, we would need ot trade 0.0001 and 0.00001 gms of gold just like we have bitcoins which are as low as 0.00005. It's as good as trading in bitcoins like we trade in gold and since we don't have physical gold coins as low as 0.00005 gm, it won't be possible to use them in daily life.

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Quote from: markj113 on January 25, 2016, 06:49:33 AM

Simple answer is something like Aurum gold notes.

They are polymer notes that contain a precise amount of gold (can easily be recovered from the note if required)

http://valaurum.com/

This is spot on.

I dont see why do this now for bitcoin, so that traditional invesment forms can become like these notes for bitcoin. It`d help almost everyone out without knowing what bitcoin is to explain the whole thing etc.

darewaller

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Gold is not practical, that's why nobody uses it.

Even if the government would force people to use gold, people would quickly switch to checks and other notes.

Paper currency is just an evolutionary step from gold. A shitty one, but still.

Bitcoin is the next step, people want their money to be easy to use, bitcoin is perfect for that.

Gold was always treated as commodity but was never treated as cash. That is why when people import gold from foreign countries, they have to pay a huge amount as custom duty. Bitcoin will be completely different and it can be used as cash as well as commodity.

markj113

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In the UK no records are kept at any bullion dealer unless you buy more than £5000 in one transaction or over £10,000 at one dealer in a financial year.

Spread your buying across multiple dealers and there will be no records of your gold purchased

I would say gold is not that centralised, most people in the world own a little gold jewellery at least.

Amph

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Quote from: spazzdla on January 25, 2016, 02:13:12 PM

Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

They will just make gold ILLEGAL again and steal it all. The pigs aka private gov army aka police do WHATEVER they are told.

why they should? they can track every gold "transaction"; gold is more centralized than fiat itself, or than cash, so if anything it would be better for them if you pay in gold, but more tedious for you, they know this...

markj113

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Maybe but it wasnt very successful first time around in the US, are you going to stroll to your local bank to hand over all your gold or just keep your mouth shut or say you sold it years ago if they come knocking.

Im not in the US so not such a problem here

spazzdla

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

They will just make gold ILLEGAL again and steal it all. The pigs aka private gov army aka police do WHATEVER they are told.

markj113

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Quote from: Bitcoinpro on January 25, 2016, 12:55:19 PM

their is asteroids in gravity wells between the moon which are full of hundreds

of thousands of tonnes of gold and the elites have easy acess to this

plus they just used special ops to steal mine anyway i was way onto

stacking back in 2010 just when Bitcoin was still new, they would

have got me on cctv hitting coin stores and from my ebay buys

only real stackers are those dudes on big ranches in America that have

an arsenal of weaponry and their own cctv

traderbit

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....
1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Using cash is more portable and i don't like using gold instead of fiat, it is more complicated.

Bitcoinpro

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their is asteroids in gravity wells between the moon which are full of hundreds

of thousands of tonnes of gold and the elites have easy acess to this

plus they just used special ops to steal mine anyway i was way onto

stacking back in 2010 just when Bitcoin was still new, they would

have got me on cctv hitting coin stores and from my ebay buys

only real stackers are those dudes on big ranches in America that have

an arsenal of weaponry and their own cctv

beerlover

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Using gold for any payment or buying anything is just a barter system, which the old system of old ages. Now it is advanced developed era, forget about that things. Now it is the era of digital world. Talk about the digital systems of payment and money etc.

BobK71

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Quote from: Pab on January 24, 2016, 08:53:40 AM

Very much true,kind of solution for modern world can be limit or ban money creation by comercial banks
Now central banks are serving private banks and all money are in his hands

They have tried, but somehow they never seem to be able to keep banks safe for the long term.

The real reason the state implicitly guarantee bank debts and then tries to regulate banks to keep them safe is that the state wants banks to help support demand for the paper money and debt issued by the state. If your paper money earned interest at the bank, you didn't want to hold gold. In the old days there were often explicit deals where the government allowed a bank to get into a new kind of risky loans, in exchange for the bank buying more government debt.

In effect, this is a system where politicians and bankers are in alliance to take wealth from the rest of society. The tool with which they do this is the state propping up the values of the money and debt issued by the state and banks. Politicians and bankers profited personally when the system was stable. When these over-valued assets finally crash, the whole economy pays the price.

The central bank is the institution that guarantees this alliance stays alive.

markj113

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Quote from: xdrpx on January 25, 2016, 10:22:44 AM

If they did that's be great and the gold standard would be back and they'd have to back their financial assets with Gold. But then it is incredibly difficult to convince the world citizens to stop using paper money cause it's controlled by each country's Federal reserves. But like gold, if people have considered that there's value in paper money, then similar would be the case for Bitcoin.

You can still use paper money but its backed by gold not promises.

xdrpx

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If they did that's be great and the gold standard would be back and they'd have to back their financial assets with Gold. But then it is incredibly difficult to convince the world citizens to stop using paper money cause it's controlled by each country's Federal reserves. But like gold, if people have considered that there's value in paper money, then similar would be the case for Bitcoin.

markj113

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Quote from: maku on January 25, 2016, 08:35:24 AM

Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Using gold standard is even more problematic than cryptocurrency by far. To be able to use gold in daily life you had to have specially made gold coins or something like that.
I would rather believe in bitcoin taking over FIAT than in gold returns as a payment method.

Except the Russia, China etc are stock piling gold not BTC.

A gold back yuan or ruble would be the end of the petrodollar.

maku

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Quote from: bloc4 on January 23, 2016, 02:41:41 PM

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Using gold standard is even more problematic than cryptocurrency by far. To be able to use gold in daily life you had to have specially made gold coins or something like that.
I would rather believe in bitcoin taking over FIAT than in gold returns as a payment method.

prtty2gal2

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Quote from: DaddyMonsi on January 24, 2016, 02:39:46 AM

I think this was the old practice in trading. Gold bars, silver amd other precious metals and minerals we're used but as time goes by we cant always walk around with gold and silver in our pockets, so i think for convinience purposes coins and paper money was invented.

Yeah carrying of gold of worth millions was very hard. If you have to buy a house and have to pay with gold then you have carry about 4 to 5 kilogram gold with yourself and if it is with credit card then a card of a few gram. So it is safe to use fiat as paper instead of gold.

Topic: If everyone used GOLD instead of paper money like the sheep we are and just igno (Read 1715 times)