Just a remark about Bitcoin, Gold and Water... - page 3.

ifinta

full member

Activity: 734

Merit: 109

Quote from: Dart18 on April 11, 2020, 01:28:06 AM

Kind of difficult to connect it that way?
Is that a figure of speech?
How did you end up going there?
There is a lot to compare it with but I never once thought about "water".

How about data? It is the new gold of this age.
Internet is all over the world and so does bitcoin.

About data?
https://en.wikipedia.org/wiki/Water_memory
And think an ICE. It can retain its 3D figure. It means for me also - the ICE, the water can REMEMBER Cheesy

- Check a path in the forest after snow...

And, if you have children - this movie is a MUST. Or?
https://www.youtube.com/watch?v=Zi4LMpSDccc

Dart18

sr. member

Activity: 1400

Merit: 259

Kind of difficult to connect it that way?
Is that a figure of speech?
How did you end up going there?
There is a lot to compare it with but I never once thought about "water".

How about data? It is the new gold of this age.
Internet is all over the world and so does bitcoin.

ifinta

full member

Activity: 734

Merit: 109

Water can be cheap - if it is much more, as we need, but if it isn't there, where we living, it can be very expensive also.
About clouds. Yes BOTH are stored in clouds - and BOTH has a limited amount in our Globe.
The price of the water can dramatically change also, as Bitcoin.
BOTH has some connection to the laundry...
BOTH can be stored in cold reservoirs... In cold wallets or in the Antarctica...
BOTH are well transparent, BOTH can be used anonymously, BOTH are used through whales, BOTH can be colored, ...
...
I hope this is a little more information. But any other opinions?

fiulpro

hero member

Activity: 1862

Merit: 830

I do think it would help you elaborate the remark because everyone have their own opinions about how we could connect them but , more or so I do think water is not something that we can compare Bitcoins with , you cannot go outside and get some Bitcoins from the nearby Bitcoin lake and still use it 😂 .
Funny thing aside I do think it is more comparable to gold as being a store of Value which does increase and decrease with respect to time and comes with a limited supply , needs to be mined ( way differently ) but is more volatile.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: ifinta on April 10, 2020, 04:49:17 PM

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

I don't know what you are trying to drive out, but there are no similarities whatsoever.

Isn't it water is abundant and it is 'natural'? While bitcoin is man-made and has limited supply. So I think you got your analogy wrong in the beginning.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Well the gold often mentioned is more "shiny stuff" that lay around the surface imo, just if someone else considered it valuable.

Gold in the ancient times was on the surface of the earth and in caves... But for obvious reasons it isnt anymore. Howvere, I don't think gold has much of a purpose anymore (don't think it can do much platinum can't).

Water is also kinda worthless so the anology doesn't really follow I don't think... Most of western europe have springs and lakes that carry drinkable water (not sure about the rest of the world).

ifinta

full member

Activity: 734

Merit: 109

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold Cheesy

Any opinions? Wink

Topic: Just a remark about Bitcoin, Gold and Water... - page 3. (Read 582 times)