Bitcoin

Out of context: Reply #2344

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  • shapesalad1

    $1m gold vs $1m Bitcoin:

    shapesalad 1Permalink
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    • Gold is just shinny metal, money is just paper, i do not see a difference.ApeRobot
    • You don't see a difference between metal and paper?
      Magnets, how do they work?      palimpsest
    • This pile has to be more than $1Bspl33nidoru
    • lol, sure thats one million... retarted level comparison place number 1.neverscared
    • Yeah, each one of those (if they’re 1kg) is around US$60k, so $1B is closer to the markhardhat
    • @ApeRobot you can use gold for a lot of things. but yo can't use that address without the network that supports it.sted
    • I invest in gold because I'ma get a gold grill for example.palimpsest
    • you need one of both to be wealthy. at $2m you reach independence.uan
    • Gold gonna go up this year, btc gonna go down.formed
    • Crypto can't exist without gold.sted
    • Crypto can't exist without some people's interest to maintain it. Gold is a chemical element, it relies on nothingdrgs
    • Btw, can you build PC circuits without gold?drgs
    • no, there are some experiments to replace gold but those are still in development phase. in some areas it is close to impossible to replace like space exp.sted
    • hardhat, you're way off each one of those is 400oz or 12.5kg so it's closer to $1m per brick. and there's probably 4-5000 bricks there_niko
    • I picked up gold coinspinkfloyd
    • Crypto is much easier to steal and then vanish into thin air.utopian
    • I wouldn't say so...crypto keeps a constant trace in the blockchain. gold on the other side can just be melted and sold.uan
    • $1m in fiat...even easier, no need for either a room full of metal blocks or memorize a secret code.yuekit
    • Hard to count, but if those are $60k bricks that's about 23 wide x 15 tall x 10 deep so over $200m and then a few more dollars on the side.garbage
    • Let’s say you live in a dictatorship and you want to escape to a better country, which will be easier to move/send. The gold or a crypto?shapesalad
    • One of those has been made illegal to own. Can you guess which?shapesalad
    • isn't that just a myth?sted
    • The prohibition on gold ownership in the US was relaxed in 1964, and finally rescinded in 1977 when Gerald Ford signed proclamation Pub.L. 93-373.sted
    • shapesalad you are an epic boomer :Dsted
    • anyway... what you are looking at here is technology. Remember those VHS and tapes and CD's and newspapers... replaced with tech. Same thing here.shapesalad
    • https://en.wikipedia… not a myth.shapesalad
    • its different because you can't exchange cds and vhs tapes for food. also money is a product of trust, it is very difficult to achieve the level of truststed
    • what gold or USD has. it takes generations, and since the supporting technology is rapidly changing the future of these kind of cryptocurrenciessted
    • is highly questionable.sted
    • @shape It's a little bit more complex than that, because last I checked you can't pirate and duplicate a gold standard.garbage
    • @ _niko I *thought* they were probably bigger (1kg blocks are pretty small), but was hard to say. I always wanted a “block” but realized how expensive it ishardhat
    • Gold is God's money. It's been around the longest.pinkfloyd
    • it was silver before gold.uan
    • @sted, money = trust you say. Welcome to crypto, where it's trustless. Meaning you don't need to rely on trusting a 3rd party to honour the value and exchangeshapesalad
    • of your work, your energy and your time. That's the beauty of BTC. It's a pristine asset. Where as the USD $, you are 100% trusting the FED to honour the value.shapesalad
    • Yet the FED just printed an unimaginable amount of money, immediately devaluing those $'s you hold and breaking the trust you place in it.shapesalad
    • All it takes is for a massive amount of gold to be found on an asteroid floating past earth for all the gold on earth to immediately devalue.shapesalad
    • after china etc grab it and mine it.shapesalad
    • the new greed is optically less shiny , but we all have to breath in its toxic output.neverscared
    • a quick count and multiplying says there are at least 3500 gold bars there.sarahfailin
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