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

I don't know why this discussion has gone too long. Basically, the water is a natural resource from the planet unlike bitcoin that has been made 10 years ago so what's the point in comparing these two?

Everyone will live even without bitcoin, not the same case if there's no water that should be the endpoint of the argument. They have different utility, use-case scenarios. OP should ask himself why natural stones are expensive than man made ones, just think the value of stone made under pressure. This is also why we should compare gold to bitcoin, I mean can we stop comparing at all? just enjoy every bitcoin you have coz its future is bright.

And we are 90% water, watermelon and even more - 95%. But nothing in nature and in the world consists of bitcoin. Well, of course, it can be grown, but the production of cucumbers is not complicated every year. I don’t think comparing bitcoin with water is possible at all

That's wrong. Water can be seen everywhere, so there is no similarities between water and Bitcoin. Moreover, basically you are contradicting yourself. If you are talking about nature then natural cloud will have water and the electronic format cloud will have anything hence why not bitcoins?

You can even find water these days more than you can see Gold; there are streams, lake, rivers and there rest of them and it's even in your house when you switch on the tap. I think cryptocurrency (Bitcoin) is very unique, and what it requires is trust. It's something we don't see, it's simply mathematics and numbers that you only see on your screen using your computer or smartphone. We just have to trust in Bitcoin and it will keep growing, if not, it wouldn't.

You have right - the rainbow is a kind of jewellery - sure

 you forgot that when there is rain we can also see a rainbow and on the end of the rainbow they say gold exist there too   . so they all somehow connected to each other  .   i dont get why you think btc is similar to water   . just because water symbolize life or the flow of life  ?  you maybe thinking that people now invest thier saving on btc and treat it as thier life   .  hmm   .  that make sense to me now  but gold is investment too although btc is a new thing and still hot in the peoples eyes

I agree with you that bitcoin gold and water can never be compared to one another Both are needed in our daily work to survive However, Bitcoin is more valuable than gold. If the price of gold decreases the demand in the market will decrease but the demand for Bitcoin will not decrease. He will stay in the same place. But without water we cannot survive The name of life on the water Without water people will lose their way of life Bitcoin and gold can no longer be compared with water.

Yes, fresh water in the current climate change environment will be in increasing demand. Who thinks that the reserves on our planet are inexhaustible, is mistaken. In the future, fresh water will rise in price. The demand for gold will be about the same. But it is hardly worth comparing the price of gold or water with Bitcoin. These objects, in my opinion, are not comparable.

Gold will also retain its value, as well as many centuries and millennia before. Regarding water, then it was never useless. This can be confirmed by people with a hot climate. But in the future, taking into account global warming and climate change, the cost of fresh water will constantly rise in price. Glaciers melt and mix with the salt water of the oceans. In lakes and rivers, the water dries up. This trend will continue. Therefore, fresh water will be of great value.
As for bitcoin, so far no one can say for sure about its future. We can only hope that his future will be beautiful.

I think we can't compare Bitcoin with water. Water is a necessity and no one can't live without it but it's free and we can find it everywhere. Its demand is high and continuous yet the supply is also unlimited. Bitcoin has a value, we need it but we can also live without it since fiat is still existing. The demand is high but the supply is also limited. Water is one of our major necessities, unlike Bitcoin and gold.

Water falls from the sky and can be caught by spreading a tarp or putting out a pot... Does that mean Bitcoin can be easily obtained and collected? No.
Water is essential but extremely cheap compared to other resources. Bitcoin is the opposite: non-essential and expensive.
Also, all the water in the world has some piss in it, since all of it is being recycled for millions of years in a closed cycle.

We search for water in order to see if there could be life there.
Humans can live without gold and of course without Bitcoin so the similarity is not valid.
It is not something that if you don't have - you can't live.

There is water in the clouds but it still falls as rain and water is not only in the clouds, it's also in the seas, oceans, rivers and can easily be seen and felt almost everywhere. You can switch the tap on your sink and water will start running immediately.

So, there is no way that Bitcoin matches with the explanation you have made here. Gold is different from Bitcoin and they are not meant to be the same. In the case of Bitcoin and some cryptocurrencies, it's just mathematics and is up to the community to believe in it. When we believe in it, then it has value.

So if bitcoin is liken to water in the sky, it means water is much more in great demand here on earth and without which we our society can certianly do nothing. This implies bitcoin is much more important than gold. Well bitcoin and gold are both good form of investment but bitcoin has a better ROI and it's easier to start trading than a regulated market like gold.

i dont know what your trying to pinpoint on here but im still trying to understand your prahse by reading it many times  .

there is water on clouds  , so your saying there are bitcoin on clouds too  ?  and clouds means bitcoin is going to rise high  ?   .  gold is the one that is part of the nature but bitcoin is just man made and only existed online .  however gold is known to be burried on the ground but  gold can rise high too in terms of value 

Lol I don't really see the correspondence between the water you have mentioned and Bitcoin. So, the sentence you made doesn't really make any sense to me.

If we are judging it that way, the same way water is in the cloud, that's the same way that you will find gold buried beneath the earth; gold doesn't just lay on top earth like you have described it. And another thing you have to know is that water is something that is physical and can be touched, but Bitcoin cannot be touched and is not physical like gold and fiat. There is no correspondence there at all. Let's just stop comparing and focus on more important things.

We might see it differently but for me Bitcoin is not a basic needs like water or a necessity, at least not for now but as soon as the massive adoption will be realize, bitcoin will become a money that anyone can spend anywhere, and therefore its value will increase and would become a necessity for people, just like money, but it will not happen if we will not support bitcoin now.

Just take a look on the Mars. What we search on the Mars with a big priority? Why?


Many THANKs for your opinion!


You don't have a time - to read my posts carefully... I see. Please act, as YOUR God act - MUCH MORE PRECISELY.

to others... (I hope I covered with two post every question, opinions...):

We selecting as medium for our ECONOMY an another medium, as God selected to our standard economy, our LIFE ON THE EARTH. Is this useful? Why we don't accepts to pay with WATER (or tokenized WATER), if WATER is already the medium of God's economy? (Oceans - similar, but there is TWO other medium for LIFE: oxigene and without oxigene - the places for anaerob bacterias, with some methane and ...)

It is an offtopic post here, but I answered it, in an other thread. Many THANKs for your opinions and questions...


AND SOME other thread for you "only" of course ...
https://bitcointalksearch.org/topic/m.52486244
https://bitcointalksearch.org/topic/m.53944426 ((this was my last opinion, but the TESTING of ETH2.0 running (!!!!!) with priority AND ETH will HAVE A HALVENING WITH IT!!!!))

Why does Bitcoin have to be equated with water? that doesn't make sense, Bitcoin is digital gold or a substitute for gold in the future, I don't know your reason why it can be water, does it just flow? Bitcoin doesn't just flow in a  river  

LOL, I appreciate your sense of imagination mate!

Yep, just like the diamond (or should I use gold?) and water paradox, the value of something is related to the marginal utility, not total utility.
However, in this case (about Bitcoin), the marginal utility of "consuming" one unit of Bitcoin is more similar to gold than to water in most cases.

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"?

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 - 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

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.

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?

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.

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.

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).

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