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Topic: There are more gold than Bitcoin (Read 762 times)

member
Activity: 112
Merit: 10
November 18, 2017, 09:44:22 AM
#46
The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.


There is no substitute for something we have known for thousands of years. Gold is still more and more, and Bitcoin will never overwhelm his strength. In my opinion, virtual currencies can only partially replace existing money.

Only because gold has other use aside from being a basis of one country's worth. but before gold the basis of wealth is salt so how can we say that gold can't be replaced in the future?
sr. member
Activity: 490
Merit: 250
November 15, 2017, 05:59:42 PM
#45
The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.


There is no substitute for something we have known for thousands of years. Gold is still more and more, and Bitcoin will never overwhelm his strength. In my opinion, virtual currencies can only partially replace existing money.
full member
Activity: 1316
Merit: 108
November 15, 2017, 05:29:44 PM
#44
The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.
legendary
Activity: 1218
Merit: 1007
November 15, 2017, 05:18:41 PM
#43
Replying to the OP because it is somewhat relevant information and an interesting debate.

Just because such elements were created in a "kilonova" doesn't mean they are actually accessible, and the fact that the stars collided so far away means we likely won't ever be getting anything close to those yields, since right now we don't have the means to access it, and might never if we can never find out how to fold space or do whatever else might allow for us to achieve faster-than-light travel.

It's like suggesting that there's an infinite amount of water in the universe, so we shouldn't have anyone on earth have a hard time accessing clean water due to the sheer volume that exists, in theory.
hero member
Activity: 2926
Merit: 722
November 15, 2017, 05:06:18 PM
#42
Scientists yesterday 17/10/2017 discovered a vast supply of gold on the far side of the universe.
The extraordinary hoard is the result of a huge collision between two ultra-dense neutron stars.
The resulting gravitational waves and radiation flash were picked up by powerful detectors and telescopes on Earth and in orbit.
The explosion happened 130 million years ago in the Hydra constellation, which is so far away that the light and the ripples in space and time have only just reached us.
The gold created by the blast is estimated to weigh more than the whole of the Earth’s mass. Huge quantities of platinum, uranium and other heavy elements such as lead were also created.
Scientists not only 'heard' the phenomenon by measuring vibrations in space-time, they also used satellite and ground-based telescopes to see light and radiation pouring out of the stellar fireball, dubbed a 'kilonova'.
Excited astronomers talked of opening a 'new chapter in astrophysics' and unlocking a 'treasure trove' of new science.
The discovery will help scientists better understand the inner workings and emissions of neutron stars, as well as more fundamental physics such as general relativity and the expansion of our universe.
One scientists suggests the event 'will be remembered as one of the most studied astrophysical events in history.'

21,000,000 Vs infinite amount of gold. find more than 21M Bitcoins.
I copied this from dailymail Uk. Bitcoin @$10,000 first month of 2018.



Whats the point of comparing them? For sure most of us do know the total possible supply of gold and the fixed total bitcoins. Theres no sense of such comparison. Gold is been here since the beginning of time since its one of the compounds that we can see on earth itself and abundance would really be there unlike on bitcoin which is limited but yet a great asset,currency and investment. They do have different fields which its inappropriate to compare.
hero member
Activity: 868
Merit: 500
November 15, 2017, 05:03:08 PM
#41
Gold has an unique huge advantage against bitcoin, its material, you can do a lot things with it, and show others. Besides those big advantage gold is used as store of value, is supported by each citizen as well countries, unlike bitcoin wich has a long road till get accepted, but as all centralized currencies and assets it has limits, something crypto hasnt at all a coin can go up and down over 100-300% within seconds.
member
Activity: 126
Merit: 10
VIVA CROWDFUND HOMES
November 14, 2017, 07:47:59 PM
#40
I think yes, for now the gold is more establish than bitcoin is every long time ago.. but the different of this two kind of think is, the gold physically we see it but the bitcoin is digital currencies in the internet.
member
Activity: 273
Merit: 18
November 14, 2017, 06:59:59 PM
#39
Sod the other side of the universe, I know where there is hundreds of tons just four thousand miles from you. At the moment it sits unguarded and I will tell you where it is if you send me just 1 bitcoin
sr. member
Activity: 700
Merit: 252
November 10, 2017, 10:26:19 AM
#38
I think a more detailed comparison is needed for me to conclude which is more.
need a clear comparison so we do not misunderstand guessing it, so it needs clear evidence, and we can compare between gold and bitcoin.
member
Activity: 574
Merit: 12
November 02, 2017, 07:55:28 PM
#37
I think a more detailed comparison is needed for me to conclude which is more.
member
Activity: 378
Merit: 10
I am a fan of Deeponion
November 01, 2017, 07:11:06 PM
#36
How can you compare a thing that is exist and a currency that you can't even touch it ? And in the nearly future, Bitcoin will increase the amount slowly but not with golds.
legendary
Activity: 2954
Merit: 2145
November 01, 2017, 06:56:30 PM
#35
Every asset or commodity or currency will always have some risks that can crash its value. With gold it's the risk that someone will find huge new deposits, especially if we'd take into account asteroid mining or other planets. But Bitcoin also has some risks, because scarcity isn't the only thing that gives it its value - there's a risk that someone will come up with a better network design, that will be more decentralized and faster and have more capacity. Bitcoin is a software, and there's always competition for a better software.
full member
Activity: 1092
Merit: 117
November 01, 2017, 06:46:09 PM
#34
There are dozens of documentaries wich shows thats universe is full of gold. On hundreds of miles away there is a planet wich has the ring made of gold in a very big proportion. No one knows exactly how kuch gold exists but for sure there is a lot. So much that we cant even imagine. So we cannot compare something that we know the exact quantity with something that exist from the begging of life and it also exists outside of our planet. Gold and bitcoin are incomparable
hero member
Activity: 2870
Merit: 574
October 30, 2017, 04:56:26 PM
#33
i think if there is more gold than bitcoin but the price is more expensive bitcoin than gold. although people is trust with gold, i think for some other people, bitcoin is more secure, strongers and they believe that the price will be too expensive. some of the people using bitcoin for the transaction in internet only and that people is trying hard to support bitcoin until now. and i give my supports to bitcoin than gold because i don't have any gold right now and actually i am planning to buy gold so i have two kind of investment.
full member
Activity: 2366
Merit: 191
★Bitvest.io★ Play Plinko or Invest!
October 30, 2017, 10:04:49 AM
#32
literally gold has first expensive value in the market and since gold is the oldest traditional investment long time ago until now the miners are continue to put investment in the gold industry and nothing impossible for gold have a lot of valume in the market, and now the time of modern technology bitcoin replace the gold as expensive investment in the market.
hero member
Activity: 574
Merit: 503
October 30, 2017, 09:15:51 AM
#31
I do not know why people are still comparing gold and Bitcoin like it's never dying. Physical and Digital currencies are both different.
If you are saying that Gold is INFINITE then it's rarity will be decreased and it will not be considered as one of "rare earth metals" because of "INFINITE SUPPLY" of Gold. I think Gold will not retain it's value if it will not be rare and some poster here already said that NASA will not just go there to get that Gold it will also cost of millions for that another project.

Actually gold and bitcoin are not two things to compare, not two things to discuss which ones are more, which is more expensive or which is better for us. Both can be investments and savings for the future. There's nothing to argue about for anything between gold and bitcoin, we just have to choose which one we'll invest.
hero member
Activity: 1470
Merit: 655
October 30, 2017, 09:04:58 AM
#30
sometimes people find it hard to understand how scarce bitcoin really is. maybe because it is seemingly a big number. 21 million! it sounds big but it really isn't. with the number of people in the world and number of coins that are lost or considered lost like Satoshi's stash. a little comparison shows how things are.

according to blockchain.info stats about 2 million bitcoin is being transacted every day! and that is while we are not even close to mass adoption.

-- by the way interesting thing about gold you shared here. thanks.
sr. member
Activity: 1033
Merit: 250
Leading Crypto Sports Betting & Casino Platform
October 30, 2017, 08:41:30 AM
#29
What good would that discovery bring if we can't get the gold anyway? There is really no reason to hate on gold as it is not against bitcoin, and nor is bitcoin against it.

I think the discovery is also necessary, because the discovery is the result of the thinking of scientists who have found something like gold and then they developed to be known among the people as well.
although the bitcoin is higher than gold at the price, but we must still appreciate an invention of others.
legendary
Activity: 2702
Merit: 2645
Farewell LEO: o_e_l_e_o
October 30, 2017, 08:34:51 AM
#28
One scientists suggests the event 'will be remembered as one of the most studied astrophysical events in history.'
One thing is for sure, this is still under study...I guess its nothing more than a speculation Roll Eyes
21,000,000 Vs infinite amount of gold. find more than 21M Bitcoins.
I copied this from dailymail Uk. Bitcoin @$10,000 first month of 2018.
Well am not a scientist but I know gold is a natural resource that could deplete any time as mining continues around the world and if we compare it to bitcoin the digital gold...bitcoins value will continue to grow because its limited in supply and demand keeps growing everyday.
Quote
There are more gold than Bitcoin
maybe the comparison isnt right for these two great assets to get facts.
hero member
Activity: 1330
Merit: 569
October 30, 2017, 08:31:40 AM
#27
Scientists yesterday 17/10/2017 discovered a vast supply of gold on the far side of the universe.
The extraordinary hoard is the result of a huge collision between two ultra-dense neutron stars.
The resulting gravitational waves and radiation flash were picked up by powerful detectors and telescopes on Earth and in orbit.
The explosion happened 130 million years ago in the Hydra constellation, which is so far away that the light and the ripples in space and time have only just reached us.
The gold created by the blast is estimated to weigh more than the whole of the Earth’s mass. Huge quantities of platinum, uranium and other heavy elements such as lead were also created.
Scientists not only 'heard' the phenomenon by measuring vibrations in space-time, they also used satellite and ground-based telescopes to see light and radiation pouring out of the stellar fireball, dubbed a 'kilonova'.
Excited astronomers talked of opening a 'new chapter in astrophysics' and unlocking a 'treasure trove' of new science.
The discovery will help scientists better understand the inner workings and emissions of neutron stars, as well as more fundamental physics such as general relativity and the expansion of our universe.
One scientists suggests the event 'will be remembered as one of the most studied astrophysical events in history.'

21,000,000 Vs infinite amount of gold. find more than 21M Bitcoins.
I copied this from dailymail Uk. Bitcoin @$10,000 first month of 2018.




Unfortunately, sand is even more than both gold and bitcoin combined but its not about the quantity but rather its about the value of the items you are comparing. I dont need to read about the scientist report to know that the amount of gold is more than bitcoin even comapring the quantity alone is an exercise in futility. The amount of gold can only be estimated up till the amount that has been discovered because it a natural endowment which could be anywhere but because it has not been discovered, we begin to compare it with bitcoin that has a definite end.

Come to think of. I have not seen any where bitcoin is now competing with gold in terms of value as that will be a battle lost from the beginning.
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