Topic: Just a remark about Bitcoin, Gold and Water... - page 2. (Read 621 times)

no, I don't think it's that important. Gold is not too important, but it is a type of asset with physical value and can be used to create a certain machine. But for BTC, it still does not help our lives at all. All the bitcoins that you see are just on your computer screen, it has absolutely no physical value so making such a comparison is not reasonable.
Although BTC has a limited supply, I still support things with more real value. Gold is still one of the essentials in human life.

I could not understand what you said but how BTC and Water are same? We can not go without water as they save our life but we can stay without BTC in our life. We also keep water any place but BTC!! So if you say for Metaphorical meaning you please explain details.

thanks.

Sorry I think your analysis is vain because you can't compare God's creation to what idea put together by human created by humans except you don't believe that there is a creator of the universe whom all glory is ascribed to.
The question to sum it up is if money can be in same level to water and the answer for me is no. Therefore, there is no comparison.

gold and bitcoin have more common to share: they both are actually mined, that's why people evaluate them as we do now, both of them has almost no real life usage whatsoever (gold = luxury, bitcoin = profits, holdings, somehow transactions)
These are just from top of my mind, but Im pretty sure there are both in common between gold and bitcoin rather that bitcoin and water

Bitcoin is not really a necessity, in my opinion bitcoin does not compare to water. Imagine that if we were stripped to our most primitive, do you think bitcoin will have a place in our survival? What I am getting at is the fact that there are things that will be left out at desperate times. When it comes to similarities the most obvious is that both is limited though technically different because seawater can be processed to become potable hence putting it on a paradoxical position and makes bitcoin limited and water unlimited but that is all that I can think of. Water is needed to sustain a function in human while bitcoin is not, if I understand what you are saying about the cloud thing, in a sense it is not really cloud that the bitcoin came from, it was just a technical jargon that has no connection to bitcoin.

And where is the link between btc and water? Technically, all water on the planet could be potable (sea / ocean water can be purified to the state of drinking) and not so limited in those scales in which btc or gold are limited.
If you look at the history of the gold was chosen as a currency / security because of its acceptable rarity, quite easy to process (gold is soft) well, it is just beautiful and shiny.
BTC is more like gold - in itself it does not carry any value as such it is just a contract between people that now you can buy/sell something for BTC and that BTC is now a currency that can become more expensive and cheaper.
The connection with water is still zero.

I'm trying to figure out what do you want to express with that, but I can't just find the connection. If you could have just elaborated or explained that statement then maybe we can easily understand what you want to say.

Though some of your explanation quite make sense, I just think that's there are also differences between the two. Water is one of the primary things we need to live, bitcoin nor gold isn't. In today, bitcoin is like an alternative because we have our currency. Even our body consists of water but we can still live without bitcoin. Unlike water, bitcoin is limited. Water is also nature, bitcoin is not.

It would be better if you can justify it more. Because what j can see is that, even the other members are finding it hard to connect the two.

It is really hard for me to understand this correlation.
Water can be used and found by anyone around the world, while Gold is scarce giving this characteristic to Bitcoin as well as it is not so easy to be found and the supply is limited.

Hello it is a good question.

Made the BTC the government and make the control with USDT? Is it the new digital dollar? The Tether?
There is a Covid-19 crisis in 2020 before the btc halved. hm  

I think so, that these some screenshots tell something:

https://ibb.co/9tgTKPP

https://ibb.co/rbBt4YX

Perhaps Tr0llyTr0llFace says something with this:
https://threadreaderapp.com/thread/1256653632843460609.html

Nourel Roubini is not stupid see that:
https://nourielroubini.com/
https://ibb.co/6B4RFTz

Yeah crypto is not sure! But he says :

"Nouriel Roubini@Nouriel·1h
Brilliant thread by @Tr0llyTr0llFace on what is backing Tether. Highly recommended and worth reading"

https://www.bloomberg.com/news/videos/2020-03-11/roubini-warns-about-a-looming-credit-crisis-and-global-recession-video

What is your opinion about this ?
Perhaps BTC will be the solution with the USDT because of it is not decentralised.
Tether controls Bitcoin

https://ibb.co/cNqvdqN
https://twitter.com/Tr0llyTr0llFace

The only question. Will do the BTC a bear period before the halving ?  
  
What is your opinion??  

The fresh water on our Earth is constrained, but not zero at this time also luckily...

A.)
https://en.wikipedia.org/wiki/Hydrosphere
"... only 0.3% of the fresh water on Earth is in easily accessible lakes, reservoirs and river systems."

In the clouds (https://en.wikipedia.org/wiki/Water_vapor ) stored only at any given time, about 20,000,000,000,000 tonnes (for practical purposes, 1 cubic meter of water weighs one tonne)

It means 952,381 tonnes water ~ 1,000,000 tonnes (in the clouds) pro one Bitcoin

B.)
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html (the data is from 2017...)

"the stock of broad money" ~ $95,697,951,100,000

If we use water in the clouds as circulating medium, and we solve with it our broad money:

$95,697,951,100,000 ~
 20,000,000,000,000 tonnes water in the clouds



then

1 tonnes (1 m3 water) ~ $5 (( of course with free transfer to your home with the help of our thin air and our sun without minerals and purification... ))

we become a Bitcoin value of ~5,000,000 dollars or ~1,000,000 tonnes water. It means one m3 water in the cloud has 5x MORE value as one dollar... => the rarity of the water in the clouds more as the rarity of our broad money ...

c.)
What amount of water we need in a year?

https://www.southwestwater.co.uk/frequently-asked-questions/saving-water/how-much-water-does-an-average-person-use/

I take a family, which needs 100 m3 = 100 tonnes water

with one Bitcoin we can pay the water for 10,000 families for a year... ((35 000 person))

D.)
world population ~ 7,594,000,000,000 people

TODAY's traded volume (source https://coinmarketcap.com at this time) for all crypto's:
120,193,426,462 dollars and 7,079 dollars pro bitcoin actual price = 16,978,870 BTC traded volumen

Pro day we needs then 594,442 bitcoins to pay ONLY for the daily water bill for the world population...

(( ~3,5 % of the TODAY traded crypto volumen only for the daily water bill if we get the water without any minerals and with no purification and the whole amount from the cloud can we use daily - I know it is a very low estimation for our water bill - without the needs of plants, animals, industry, ... as usual, shamefully and bitcoin reaches the price (better -> not price, but VALUE = to produce 1,000,000 tonnes freshwater (i.e from the clouds...)), what was estimated in the paragraph B.) ))

Water to nature is just like comparison of the benefit of water to the world and I think that is different from the comparison made of bitcoin because bitcoin is trying to fit in as optional payment system. Before bitcoin, there are other and many means of financial payment system but water has been in the beginning even at the time of creation.

In fact, I read in the bible that the world surface was covered with water before creation 

Clean water is more important than both imo. Without water our body can't function.

We can use some other crypto (monero, ltc, etc.) instead of bitcoin or use some other metal (silver, platinum etc.) instead of gold but there is no replacement for water. None. Orange juice, beer, vodka, gatorade, piss none of them can replace water. It is the one and the only that your body needs.

I can't clearly understand what he is trying to imply with those sentences lol. I can't find any relation to any of the variables given, bitcoin, water, and gold.

Water is coming from natural resources we have, unlike bitcoin that follows a protocol and has a limited supply, gold that has been for ages and valued expensively. What's with the comparison between these? arrggh

Water is something that we can have endless amount of, there is no limit on water and the world creates more and more of it every single day, so it is not really 21 million limit like bitcoin. Whereas gold has a limit, do we still mine and find gold time to time?

Sure we do, there are still gold miners out there, however that doesn't mean that we have unlimited amount of that, eventually gold will dry out and we will no longer have gold, that is why most people actually even recycle old stuff with gold in it to get the optimum amount of gold in the active market. Long story short water is unlimited and needed to survive on a planet, without water you will die, gold is not needed but valuable anyway and limited, bitcoin is like gold in every aspect of the word.

There is all kind of water but you are right, need for bitcoin is similar with thirst for water.

Gold was used as money not because it was so useful but because it was so rare and hard to get. Bitcoin is money it is not a food or something.

70% of the earth consists of water, how can it be analogous to bitcoin in a limited amount. Water is the most important source of natural wealth, valuable and has enormous utility and benefits for all living things. All living things are composed of water. So, the joints of human life, animals, and plants are water. Water is the only intermediary that contains minerals and food substances needed by living things. If it were not for water, surely there would be no life on the surface of the earth. All elements on the surface of the earth, whether in the form of solid, liquid, or gas (steam), are subject to the law of "expanding due to heat and contracting due to cold", except water.

Our economy can live without bitcoin and without gold, but we will not live without water. In other words, without water, there will be no economy because there is no life.

Good. bitcointalk.org (and Bitcoin) remained international. It is well made. Me likes, if we seeing our World different. The children have then more possibilities! Many thanks!

Remark about Bitcoin, gold and water should be different. All of them have a value, but only water is a source of life! We can live without gold and bitcoins, and many other things, but without water, clean water we can't! This is a good time to remind about famous quote from Oscar Wild: "“The cynic knows the price of everything and the value of nothing.” I think I don't need to say more about it, quote speaks for itself and majority of global population! When people learn how to value things around us we will see better days for all!

Is this a joke?Sounds really stupid to me.
In the economy,rare things are considered valuable.Gold and diamonds are rare(their mining is expensive),therefore they are valuable.
Water isn't rare,it's very accessible,therefore it's cheap.
I don't get your metaphor.What do you mean by "water in the clouds not gold"?