.... why is gold worse than fiat/btc?
Because it's not easily divisible, and that limits trade severely.
Because fraud is easy, and it's massive.
Because it's a physical asset, and that's not so easy to move around, through airports and borders.
Because it's dangerous, robbers like to rob.
There are plenty of divisible forms of gold, at least down to the 1 grain increment. larger quantities like 1 Oz are just more common because they are cheaper to manufacture. Fraud exists, but its also pretty easy to detect with a handful of easy to do tests which you can verify with some slightly more involved at home tests. Most fake gold you'll find will be slabbed in plastic, and the way that sellers get away with it is that the buyer doesn't want to open the plastic. As far as transportation goes, a US Fiat bill weighs about 1 gram. 1 Kilogram of $20 bills is roughly $20,000 and 0.0113 cubic meters. 1 Kilogram of gold is roughly $42760 and 0.000052 cubic meters.
Robbers robbing applies in both situations.
I'm not following, the basis for currency (simplified version) is already time. We are constantly reevaluating how much a person's time is worth, and they are paid based on that. There is nothing wrong with fiat for immediate payments, its just not a reliable store of wealth. It doesn't matter how much you distrust fiat as long as you are handing it off to someone else and getting something you want in exchange, the goal is just not to be the bag holder should the common suspicion here that it isn't trustworthy be correct. If you get your paycheck, pay your housing/utilities/food etc but don't hold onto fiat long term.
I'm cool with the whole barter community, but sometimes its hard to get Amazon to accept my carrots in exchange for solar cells. On a side note, why is gold worse than fiat/btc?
You trade timecoins for carrots or timecoins for solar cells, or vise versa sell them.
Gold is heavy, clunky, hard to send overseas in a few seconds or even to another planet if we get that far.
Gold is needed for computers, computers will be needed in space, if we use gold instead of bitcoin we will not get off this earth. We need gold as a resource a metal.
You can`t travel around with gold on your cellphone like bitcoin.
Gold can be robbed from you, bitcoin you can just not give out your password.
You want a good store of value buy land, the house I am living in sold for $10,000 when my aunt bought it, it is now worth 1.5 million.
Buy land and gold for store of value buy it with bitcoin or timecoins.
now fiat is worse than time because it is slavery.
Cryptocurrency has gold hands down in ability to transact over long distances quickly, but cryptocurrencies are also substantially more unstable. I'm not anti cryptocurrency in the slightest, I just think its a good idea to diversify across sure things and higher risk investments. Gold being needed for global industry is one of the reasons it can't increase/decrease in value by 10% in a single day like cryptos are prone to. No one wants to decide that they have X amount of currency to spend on groceries today, drive to the store, and when checking out find out that its X+- 10%. I dont find cryptos to be fantastic currencies, rather just very liquid commodities. The major thing that I don't get is how do you expect Bitcoin to be useful without access to secure internet and electricity? I don't need to talk about any crazy scenarios, just a storm that knocks out power can cut you off from your money.
The whole, my Bitcoins are super secure because I've got an unbreakable 47 character password utilizing characters from dead languages etc makes it a nice way to keep people from stumbling across it and taking your BTC, but in a robbery situation, a robber can just beat you until you give up the password. I'm also on board with land investment, its probably another decent way to diversify.
