Topic: When do goldbugs give up? - page 3. (Read 1187 times)

You cant live in or farm a bitcoin.

gold, silver, copper, gas, coal, uranium, oil and other commodities are the backbone that powers the knowledge age without them our entire civilsation would collapse but you claim they are becoming worthless.



So once they kick everyone off the blockchain where is all the hash power going to come from to secure the network?

If they are going to purchase the hash power then why use bitcoin at all, why not start a NWO-coin with no additional outlay buying up existing coins and secure it with their own new hash power?

You also dont seem to grasp everything you post is just an opinion, no one has a crystal ball and if you were so clever to predit the future with any degree of accuracy you would be a wealthy man out enjoying yourself rather than endlessly regurgitating "Shelby" on this forum.

Also do you think its appropriate always lposting links to people that have been banned from this forum?

A strawman is a not refutation. It is running away from the point.

The point was made that Russia is investing in antiquated things instead of having a free market economy that maximizes competition and opportunities for its people.
Because in the knowledge age the wealth of a nation is the capability of its people in the free market of knowledge production.
The era of empire building is over. Apparently you did not even read the links that were provided.

The USA is decadent also, but that's no argument. Compare Russia to Asia which instead has a dynamic, diverse, decentralized free market economy.



Why do you think you have a right to tell me what I can post?

And the matter of whether I am an alt was settled as "provably not". Here is the link: https://bitcointalksearch.org/topic/m.42165851


Did the Internet arrive 100 years ago?

Before gold was money there were other forms of money such as tally sticks, iron plates, copper plates, animal skins, sea shells, etc.
Gold was a technological innovation in fungibility. But every technology eventually becomes antiquated.

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Again Russia is an example of myopic decadence. Asia is the future and you can see they're starting to move away from the commodities and resources export driven model towards an integrated (Asian Union) Knowledge Age services economy.
Again readers should read the following linked blog and all the comments below it:

https://steemit.com/cryptocurrency/@anonymint/bitcoin-rises-because-land-is-becoming-worthless

Also this:

https://steemit.com/trading/@anonymint/re-epitt925-re-anonymint-re-epitt925-re-anonymint-most-important-bitcoin-chart-ever-20180820t011835219z


China is far more capitalist than the USA and Europe now. The West is turning towards totalitarianism via extremism that results in the end-game collapse of socialism and progressivism.

And Asia is moving forward into the Knowledge Age. Precious metals are dying as a store-of-value.

Also nation-states and central banks are dying never to return to prominence as a NWO with John Nash's Ideal Money (i.e. Bitcoin) as the new paradigm. It's Just Time. The Internet arrived. Everything changed.

You need to understand the nation-states only ever existed to foster increased cooperation between humans, but this was when the primarily mode of cooperation was via large fixed capital investment in the Agricultural and Industrial Ages (which are now dying as we move into the Knowledge Age). Shelby has written about this extensively:

https://steemit.com/cryptocurrency/@anonymint/re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180519t120410615z

https://steemit.com/philosophy/@anonymint/geographical-cultural-ethos-science-is-dead-part-2
https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising
https://steemit.com/money/@anonymint/get-ready-for-a-world-currency
https://bitcointalksearch.org/topic/economic-devastation-355212 (Rise of Knowledge, Demise of (fungible) Finance)

https://steemit.com/cryptocurrency/@anonymint/bitcoin-rises-because-land-is-becoming-worthless
https://steemit.com/politics/@anonymint/re-anonymint-don-t-falsely-accuse-me-of-being-a-misogynist-20180822t133443875z
https://steemit.com/money/@anonymint/countries-vulnerable-to-economic-devastation-soon
https://steemit.com/politics/@anonymint/why-social-media-software-sucks
https://steemit.com/cryptocurrency/@anonymint/why-crypto-tokens-are-important
https://steemit.com/psychology/@anonymint/is-all-virtual-activity-mind-control



Gold will decline below $1050 during the strong dollar-short vortex perhaps as low as $850. Then during the coming collapse of the West and realignment of global economy towards Asia, gold may rise as high as $3000 – $5000 whilst Bitcoin goes to $250,000+. Gold no higher than that, whilst Bitcoin will eventually rise to $million+ long-term. After that precious metals will go into a terminal decline and eventually be basically worthless other than industrial and jewelry demand. As the Bible says in Revelation about the coming NWO, you will throw your gold and silver into the streets for it will not help you in that time.


Refuted above.


You entirely do not understand what Bitcoin was created for. It will end up kicking all the non-$billionaires off-chain. Bitcoin is to be the world's NWO reserve currency. Some reading material for you:

https://steemit.com/trading/@anonymint/re-quillfiller-re-anonymint-most-important-bitcoin-chart-ever-20180821t193431892z
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180521t051032993z
https://medium.com/@shelby_78386/ive-been-trying-to-explain-this-to-martin-armstrong-6bba1d871df3

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Based on what logic?

The reality is precious metals are being phased out by the advances of humankind, analogous to how chunks of iron displaced animal skins as money, chunks of copper or bronze displaced iron as money, and gold displaced chunks of copper as money. The Internet and the computer revolution are ushering in the Knowledge Age.




It's the least risky, because it's the only asset you can buy that will not end up making you 100 times poorer as we pass through the transition from nation-state central banking to the NWO Ideal Money over the next decade or two.

@realr0ach sold BTC at $600 to buy silver at $20. He is already 40 times poorer. Those who don't buy Bitcoin are going to end up destitute, no matter how much wealth they started with.

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It's not only realistic, it's already well underway.

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All cryptocurrency already touched $1 trillion in 2017 and we will surpass it in 2019, but we will not establish a firm base above $1 trillion until after 2024:

https://steemit.com/trading/@anonymint/most-important-bitcoin-chart-ever
https://steemit.com/trading/@anonymint/re-quillfiller-re-anonymint-most-important-bitcoin-chart-ever-20180821t193431892z

The fallacy of your concern about the collapse of the West and the rise of Asia as the economic center of the world by 2033, is that:

• You don't understand that Asia is rising.
• The collapse of the West is part of the transition to the Knowledge Age and Bitcoin is not for the masses, but rather for the future $billionaires as an Ideal Money NWO decentralized reserve currency.

Its possible to be both.  Gold is only something used as a counter balance, so goldbug to me would mean someone who holds far too much.  I'd say about 1% is fine for most people as often the actual wealth people have to lay away for ten years is tiny.   Thats the time scale for gold really, it'd be more relevant stated as a kind of cash hold in a pension.

The QE programs are tied to pension funds owned by government.   So anyone reliant on that could get a horrible shock one day, hence gold would qualify as a non parallel asset neither dollar nor bond.  Forget price, in risk terms its positive to a portfolio

I agree the bugs overlook the ideas that BTC enables and its a great shame.   Some compromise by both sides would be best, but thats the idea of a goldbug I guess

I dont think he'd agree with that wording.  Gold gives no yield, in purely negative terms its avoiding investment risk by non involvement.  Also theres no returns on the capital, if anything storage has a % cost to it.    Even the actual price appreciation is inverse to dollar failings which are substantial and without end.
Investment would only qualify when taking part in mining operations and that is often quite risky.   A good mine will operate many hedges to its costs even then they are often encountering many problems with financing as operations take a decade to establish usually.
The story for schiff is more complicated then just gold, he is mostly an investment manager so he is competing for pensions funds and the like.  Plain gold is a low margin business as its quite simple, not profitable to hawk

Most of the goldbugs are old, and have an old-fashion mindset, they hate tech stuff. And bitcoin would be "complicated" to them, not to mention that it is a "Ponzi scheme" or a "scam" in their eyes. Only a true goldbug would be able to convince other goldbugs that bitcoin is not like what they think it is, but its something else.

That bull run, realistically might not happen. That would have to be a pretty darn big bull run. The current marketcap is like a 100 Billion $, we need 900 Billion more, and the world economy is not in a good shape. Why are people ignoring the fact that there is recession all over the world, and there's not enough money to feed people, even though there are trillions of dollars. For the 900 Billion dollars to get in bitcoin, it won't be easy, people have to believe in it, and there's no reason for them to believe in it, satoshi is no longer active in the community, his identity is unknown, markets are volatile ,and bitcoin is decentralized. People will never get the point of decentralization. Its so fucking not easy for bitcoin to hit a trillion dollar market cap. There's more to this than what it seems,and people need to understand that.

I don't really view them as competitors. Managing investments, to me, is more about minimizing risk than maximizing gains. Hedging is all about preparing for the unpredictable, and most importantly not keeping all your eggs in one basket. While the outlook for Bitcoin is quite promising, it's still one of the more risky assets one can buy.

Though my biggest investment exposure is Bitcoin, I've been buying into swing lows on gold and silver (physical) for years for that reason. If I could have found a tenable custody solution for crude oil in 2016, I'd have been buying crude as well. Instead, I just swing trade the Proshares ETF.

Peter Schiff's entire business is based on him convincing others about gold as a good long term investment, so I really doubt that he's going to give up any time soon. However, we're seeing some other gold bugs like Mike Maloney switch to a more pro-bitcoin stance.

Admitting that bitcoin was a superior investment is one thing, but they're probably just going to continue to tell others to hoard silver and gold into the future, regardless of past performances.

I think that precious metals can be a good store of value in the long run, but it's doesn't have anything close to bitcoin in terms of its long term potential. Besides, bitcoin basically fulfills all the roles that gold and silver used to play in the past.

Great ideas. Bitcoin certainly serves as a more useful form of moving money from one point to the other. It has been used more so by those who don't want to attract attention by moving that money, which is what determines its value. That and its ability to subvert the middleman.

Gold is only able to do this in the smallest amounts. It can more readily serve as a sign of wealth, and it gives
people comfort to have a physical sign of that wealth.

Both serve as good hedges against incompetent governments and political risks, but neither yield interest so are avoided by institutional investors.

Because of Bitcoin's accessibility, it is clearly the more useful one in the long term.

Russia holds a far higher percentage in gold then most western governments.   China is accumulating but still quite a low percentage.  There is some historical precedent where gold is respected in even communist economies, apparently the USSR held a very high percentage in the 1950's but I read that a while back so dont have a source to post now.

The price on gold might appear to be nothing dramatic but I thought it was bullish ever since 2009 when it rose from its already high peak to greater heights.   I realise its been pulling back a while now but I dont see that gold holdings are especially designed or intended to creative speculative profits.   I go with the idea the price for gold never really changes, its just reflecting loss of value in the currencies used to purchase it and its a ten year asset type useful for a pension hold of value not trading to profits.

Anyone who wants to invest in gold has to take part in mining operations or maybe its use as jewellery.  I think Buffet states the cheapest gold is mining on the high street, via his pawn shop operations.  Otherwise just holding plain gold should appear to be totally boring, its just some metal and does not perform any task while unused.  Also it requires no maintenance, BTC also I never think of as an investment by itself and it must be used but BTC is far more volatile and changing.  
 Growth based could be an argument so long as its being developed then that reflects in the base unit valued more highly but only indirectly by that greater usage.  On the negative side if BTC does not progress then it falls back far more harshly, its far sharper in its peaks and troughs where gold is generally flat.   Both react to US dollar strength or weakness as do many commodities but especially as they can be used as alternatives.

BTC has a greater monetary velocity but that doesnt make it superior to gold except perhaps for the sub gram transactions where a digital format has potential to be the most efficient method of instantly transferring value at the lowest spread.  At present BTC is not as efficient as it needs to be to do well long term and overcoming this flaw could be key to regaining or just holding previous gains.


Theres zero likelihood of a goldbug or just any user of gold needing to give up on a failed market especially.   Its perfectly inert and able to sustain its price vs a failing global reserve system based off politics.   The most obvious long term argument for gold usage likely to rise over decades is net central bank buying.  If the market itself does not reflect a reasonable popular price then still central banks continue to exchange gold as a reserve asset in settling debts between countries of especially large amounts.  If that trend is rising that banks increase their holdings and its been true for a decade then in time the price for gold is not especially due to contract.

Bitcoin on the other hand I think best suits the smallest amounts transferred and perhaps the most often.   It must be ready for that purpose to be useful and then value can be built upon that usage and higher speculative activity is justified.  But the base case for BTC imo in enabling business that might otherwise not occur, this is no insult to refer to the smallest amounts as the greatest growth rates come from the smallest entities and as we all know most of the world is not rich.
  If crypto can enable the poorest to greater confidence and efficiency in value transfer it would be such a positive event for all involved, thats a market with many billion people.  Where as the simple base case for gold I mentioned is just between merely dozens who barter in many billions of worth, a much more restricted and staid market.



How does someone with almost nothing in our eyes get paid reliably for 2 dollar or less.  Can BTC be helpful in raising monetary velocity between those people and enabling greater trade, employment, utility and growth from the smallest 'wealth'  Growth of that type can double, it could be dramatic if possible to engage because the numbers who can use such a tool in their life is likely billions


USA just needs to reorganise and respect growth in its productive economy.   In that change, some debt will not be paid because its not productive.  USA by itself can self support from assets but it would no longer benefit from being the world reserve currency at that point.   So money would cost more, its at this point the goldbug will say this means likely money is gold. 
  That money could then still be used internationally despite the failure of the previous political economy where as the debt could not, the dollar is tied to debt.   That imbalance is where gold price or marketcap as per thread title is not falling long term

Yeah sure, and I'm not going to defend that way of thinking either because we both know it's completely unrealistic. But you completely avoided my position by pointing the blame on the other side. If you had a farm full of goats, would you really think to trade them for some pieces of gold?


This here is a very good point. Russia is actually quite sustainable because of their land and gold. USA, on the other hand, is entirely dependent on other nations buying its debt. What if they don't want to? Or if they can't? Innovations like crypto can't save them from a crisis, but they can be a way out after hitting the bottom.

Russia debt to GDP : 12.6%
US debt to GDP : 105.4%

US just below Butan So who is destroying themselves?
https://tradingeconomics.com/country-list/government-debt-to-gdp


I presume you also apply that to China?

So land is worthless, gold is worthless.   How many wars have been fought and lives lost over land and resources?

Obviously using big words is not an indication of intelligence.



Why the fuck do you keep quoting Shelby in all your posts.  Your obviously an alt of Anonymint that they banned, considering red flagging you.

I pass the along from Shelby…

The tinfoils hats are going to be touting this:

https://www.zerohedge.com/news/2018-08-21/russia-buys-over-800000-ounces-gold-july-it-dumps-us-treasuries

Russia is destroying themselves. Atavistic fools who still think land and gold still have value.

https://steemit.com/cryptocurrency/@anonymint/bitcoin-rises-because-land-is-becoming-worthless

https://www.armstrongeconomics.com/uncategorized/russias-goal-to-resurrect-its-empire-by-2020-rain-of-the-parade-of-a-united-europe/

https://www.armstrongeconomics.com/uncategorized/putins-popularity-soars-as-he-addressed-the-nation-on-tv/

https://www.armstrongeconomics.com/uncategorized/the-rising-star-of-russia-central-asia/

https://www.armstrongeconomics.com/uncategorized/russia-imports-more-than-it-sells-oops-more-craziness/


https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/until-we-understand-the-real-wealth-of-a-nation-progress-cannot-be-achieved/

https://www.armstrongeconomics.com/uncategorized/wealth-of-a-nation/

https://www.armstrongeconomics.com/armstrongeconomics101/basic-concepts/what-is-the-strength-of-the-dollar-its-people-military-or-commodities/

https://www.armstrongeconomics.com/uncategorized/do-the-reserves-of-a-nation-matter-anymore/

https://www.armstrongeconomics.com/armstrongeconomics101/economics/modern-love-internet-changing-patterns-in-marriage-divorce/

Is gold expensive right now considering how much aditional fiat has been pumped into the system through QE.

Stocks are artifically inflated, property artificially inflated through stupid low interest rates.

Huge amount of global uncertainty in Turkey, Venezuela, France, Italy.  Trade wars underway, global debt at an all time high, the US in over $21 trillion debt (interest payments alone will reach $1 trillion)

Gold thrives on fear and there are a lot of things that go tits up at any time.


The QE money has not been used as intended, it has not circulated in the economy.  Banks have horded it and used it to pump the stock market, companies are buying back their own stock using cheap money artificially inflating the price.

Regarding gold price - monkey hamered at critical moments using fake paper contracts and a strong dollar is holding it back.

It will all go tits up sooner rather than later and gold price will go substantially higher but no one has a crystal ball to call when that will happen.



How many BTC bugs tell people to dump.  HODL and accumulate no matter what is the normal response.


The same can be said for bitcoin although it poses significantly more volatility and risk over gold.  How many middle class people could tolerate a $19k to $6k dump on their savings?  It does not provide income, far more lose bitcoin to hacking, scams and lost private keys over physical metals theft (check the scam accusation thread on this forum and find me an equivalent on any precious metals forum).  Physical metals open you up to local thieves, bitcoin opens you up to a whole world of hackers.


If gold is a useless old relic then why are so many countries fighting to repatriate their gold from foreign countries?
Why is Russia accumulating so much gold and silver.
Why is China accumulating so much gold and silver.
Why are central banks increasing their gold reserves.

Why are none of the above buying existing crypto but investing in blockchain tech research (spoiler - to release their own state issue crypto in the near future)

Yes, but it's being used as an argument to own gold regardless of what the price is--and this is a stupid position to take for any investment.  The people who spout such things are either trying to sell their gold or people who've been brainwashed into believing that losing money is OK as long as they own gold.

No, bitcoin hit an ATH in 2014 and another just several years later.  Meanwhile gold is languishing and has been for 7 years, with no signs of rebounding.  And hey, it might turn out that bitcoin never gets adopted by the masses and that this big bull market we're seeing was just a bubble.  I wouldn't rule out that possibility at all.

What goldbugs are basically always saying is, "you can never go wrong with gold".  I think that's totally false.  The average person does not need gold as an investment or as a hedge against inflation.  How well has gold hedged against inflation since 2011?  Can the average middle-class person afford to lock up a lot of money in an asset that provides no income; might cost money to keep secure; might get stolen; and might decrease significantly in value?  I don't think so.

I stand by what I said.  The goldbugs will NEVER tell you it's time to sell gold.  Ever.

Why hasn't gold's price gone up?  QE should be inflating everything, no?  More money in the system + low interest rates should have people buying record amounts of gold, right?  Why isn't that happening?

I agree about the stock market.  I don't know when this bull market is going to end, but it'll at least be interesting to see what happens to the precious metals market once interest rates start rising.

Where you have bitcoin users believe that bitcoin will become the next reserve currency, replace banks, crash the financial system and replace fiat.  

You also have the HODLers that also like to think you buy a bitcoin, sit on it for a few months and wake up one morning a millionaire also buying bitcoin qualifies you as an investment and financial guru instantly giving you qualifications to advise all newbies to sell the house, car, boat and family and go all in no matter what the price.

I'm not so sure that's what would get their attention. Certainly, you have a valid point and I'm not going to say that it's wrong. But goldbugs see things a bit differently than just market cap and price per ounce.

They're stuck in the doom loop of fiat crashing, futures being erased, and the world reverting to a barter system. This sounds all fine and dandy but what really would cause something like this to happen? There's too much institutional money in fiat for it to just dump and destroy itself. They would never let it happen. They've got too many tricks up their sleeves.

And besides, if it were the apocalypse and you had a farm full of goats, would you really want to trade them for gold?

Well that was a lot of typing just to demonstrate you know fuck all.

I suggest you quit typing and go get a room with Shelby as your obviously super gay for him, your post history reads like a verbal shelby blow job.

Right about now is when according to Shelby, the atavistic retrophiliac markj113 and troglodyte realr0ach start to get that sinking feeling in their stomach that they’ll never recover from selling BTC at $600 to buy silver at $20.

Shelby cited an explanation that Bitcoin’s fixed maximum supply is enforced by a clever game theory which prevents mutability of Satoshi’s v0.53 protocol. Gold lacks such a game theory, which is the reason John Nash provided in his Ideal Money manifesto for gold not being a suitable Ideal Money.

The details are near the end of the following linked post:

https://steemit.com/trading/@anonymint/re-heavyd-re-anonymint-re-anonymint-bitcoin-to-usd15k-in-march-usd8-5k-by-june-then-usd30-k-by-q1-2019-20180819t141422240z

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If we filter by age less than 30, then less than 1 in 1000 of the Republicans you refer to would be willing to accept gold at spot value in any barter transaction. You simply fail to understand that money is based on groupwise PUBLIC CONFIDENCE. And PUBLIC CONFIDENCE is impossible for gold when the vast majority don’t believe gold is money anymore. Goldbugs are primarily constituted by mostly old geezers (like yourself) who delude themselves, because you’re entirely dependent on the well capitalized dealers and marker makers for liquidity and these can easily be regulated by the government. This is a grave error on your part @realr0ach.

As for the long-range timing of what you’re forsaking:

https://steemit.com/trading/@anonymint/most-important-bitcoin-chart-ever

Remember the discussion with Shelby in 2016 and the Youtube videos that show most people don’t want gold even if you give it to them for free:

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It was already explained to you (at the bottom of Steemit post I linked above) the historical evidence that gold has always been a fiat (because money is only groupwise PUBLIC CONFIDENCE) and has not always been money since antiquity.

Gold and Bitcoin are both fiats, but the major distinction is that Satoshi’s v0.53 protocol real Bitcoin has a game theory which makes it immutable and thus it’s impossible to increase its protocol dictated maximum supply of BTC21 million. Click the Steemit post linked above for the detailed exposition. Also Bitcoin can’t be regulated by government due to its jurisdictional arbitrage. Thus Bitcoin subsumes the nation-states as a NWO 666 international reserve asset. Gold can and is highly regulated by the nation-states and that is why it is basically useless for the only possible function it could have now— to hedge against failure of governments. The utility of gold is dying and will be completely dead as your generation of geezers dies over the next couple of decades.

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Irrelevant. The supply of gold and silver can still be increased by mining some where. If eventually rare earth metals are exhausted on Earth, then maybe humans will need to mine asteroids, but that’s not here nor there relevant. Governments can wreck havoc on countries by intervention in the supply, price, and PUBLIC CONFIDENCE of the metals. Which is the why John Nash explained in his Ideal Money manifesto that gold is not a form of ideal money. That is why Nash basically proposed what Bitcoin is. That is why some people suspect John Nash may have been involved in the creation of Bitcoin. Both Nash and Gavin Andresen were at Princeton. Shelby documented in his discussions with traincarswreck that Nash disappeared from public for a couple of years during which Bitcoin R&D would have been at its peak. He reappeared at conferences on Ideal Money after Satoshi made his last post on this forum.

God, I keep seeing this buffoonish comment from shitcoiners over and over.  It doesn't matter if it's technically possible, all that matters is cost of production per ounce.  Nobody is going to mine gold in space for a million dollars or more an ounce.  They would mine on the ocean floor or somewhere first.  You might as well make the statement "someday it's inevitable humans will build a Dyson Sphere around the sun".

I 'm not.  The non-fake number for how much Trump won the election by over Clinton is something like 10%+ instead of being close like they claimed.  That's why they were unable to rig the election because it was too much of a landslide.  The majority of people I've seen that voted for Trump seem to prefer metals over shitcoins.  There's a few millenial bugmen and such that prefer bitcoin, but most of them don't have any money anyway.

There's absolutely no reason for the common man to support shitcoins over physical metals.  All cryptocurrencies have transaction validators that are designed to centralize through interest, economy of scale, asymmetric bellcurve's effect on ASIC design, chip foundry startup costs, asymmetric global energy costs, etc.  There's literally thousands of reasons for why shitcoins are designed to centralize.  It's a complete joke.  

Since the tokens are non-fungible and transaction validators designed to centralize, it's probably the best new world order tracking and control grid enslavement tool ever created.  The media is entirely controlled by six companies who actively work to screw you 24 hours a day, and bitcoin is/will be virtually the same thing.  If you do something they don't like, they just blacklist your coins and you no longer exist, just like they ban people on Twitter and Youtube.

Shitcoins do NOT remove middlemen or counterparty risk.  It's all lying scumbags saying that.  Not only do they not remove them, they have them BUILT-IN to the god damned system.  The only thing that removes middlemen and counterparty risk is a physical commodity currency that exists in the real world whether it's silver, gold, oil, or what have you.  It just so happens metals are the only one usable as money in practicality.

My guess is as good as yours. I think asteroid mining is easier. If we all wanted to prevent mining centralization, and things really did get bad we can always buy the latest mining gear and crank it to 11. If the government really was interesting in destroying bitcoin they could do it, but then we'd just hardfork to an algorithm that ensures we can outpace the government.

Meanwhile, space mining is inevitable. The gold will probably just be a by-product of more useful resources that are out there. But as long as you can double the supply of gold and get rich in the process why not?

My point was that bitcoin's supply is fixed, while gold can be mined to oblivion.