Thread 518767065

Bitcoin is superior to gold but it needs the help of the richest country on Earth to make it legitimate.

>>518767065 (OP)
>Bitcoin is superior to gold
until quantum computing

>>518767065 (OP)
>Bitcoin is superior to gold
Because line go up, retard?

>>518767065 (OP)
>cashes BTC bags to Fiat
>tries to buy gold with Fiat
>I refuse to trade you my gold for it

>>518767065 (OP)
Gold has value if the power goes out

>>518767206
No, Reddit always proved why

>>518767065 (OP)
it’s more profitable than gold, but not a better shtf investment, like stocks.
gold will always have value because it’s a finite resource with many uses. this is why i never sell gold, only buy.

>>518767065 (OP)
If it’s so superior then why did it dump 20% last Friday in a flash crash?

Oh, that’s because it’s really a fucking FIAT currency that’s a lot harder to print unless you own 90% of the supply and create false scarcity to drive up demand (and price).

Good job, retard, you played yourself.

>>518767336
>finite resource
Not for long.

>>518767298
You'd have to be double retarded to do both those things

>>518767065 (OP)
>Bitcoin is superior to gold
If you have gold in bars or coins, you can walk down to the nearest bank, and they will take it off your hands. Up to a certain total, they won't even ask for any paperwork for it. Yes, you will take a small hit because their walk-in rates will be *slightly* lower than the market, but it will be clean a legal deal on the spot. If you have gold jewelry or watches, you can walk into a specialized shop or pawnbrokers. You will take a bigger hit, but you will still get a receipt and an above-board deal in under 30 minutes.

Now go ahead and try to liquidate any sizable amount of crypto in a single day without getting raped by fees, scammed or rolled, post the results…

>>518767406
Never was.

There’s 21,000,000 bitcoins and each can be divided into 100,000,000 satoshis.

Meaning it’s just as fucking useless as FIAT, expect FIAT can make money pop out of thin air, and here you’re just addicting decimal points.

Same shit though.

>>518767065 (OP)
What Bitcoiners need to consider right now, is not which is technically better, but which is better for the situation in front of you.

In 2015, I was all in on BTC. Sure, I was concerned the USG would shut all the off/on-ramps down and leave me hanging, but the USG still had to balance their draconian rule with public perception.

But after COVID, seeing how much power the USG could grab, shutting down BANK accounts of disidents, I moved over to metals. Only one of these can be moved, hidden, spent, all without infustructure that's controlled by the USG.

Be smart anon, apply context to your technical understanding. It's the same with the silver to gold ratio. Sure, you can look at that just from a ratio of 'presence' in the earth's crust, or history, or what's already been mined, etc, but if you do all that and ignore emotional perception...

I'm sure there's more money to make playing the dips in BTC, but it's also rippening for a rug pull. Which is exactly what happened with Elon, and now Trump.

>>518767538
>replied with deflection layered in insult, but failed to refute the core thesis.
>The “double retarded” line is projection of panic about BTC’s fiat dependency.

>>518767152
>until quantum computing
You think you will get a quantum computer for pwrso all use?
Lol
They exists even now. USA has it, China has it. They all run them for bitcoin generation.

>>518767065 (OP)
Gold will always beat bitcoin.
Bitcoin isn't anonymous you will always need a computer to access your funds

>>518767331
I look forward to the day bitcoin has an enormous crash because a whale cashes out.

big investors control and manipulate both markets

cope

gold just literally hit another all time high right now

You first property is a much better investment than bitcoin.

Generally, there is no capital gains tax on your primary residence and you can live in it. You cant live in a bitcoin.
Bitcoin is cope for young men that cant get on the property ladder.

>ill be rich one day!!!

No you wont.

>>518767847
Property has also been outperforming bitcoin since 2020.

>>518767880
2021 actually. but whatever.

>>518767731
Gold isn’t even used as currency anymore. Its value is now based on being used in electronics and we live in a disposable economy. Same thing with silver.

The thing is American scientists have already invented an extremely cost-effective technology to produce gold. They have not released it yet to the public because the consequences will be dire.

>>518767633
Gold is dependent on fiat. BTC is fully independent.

>>518767854
Buying a home, instead of just cheap, rural acerage is the worst advise you could give to ANYONE right now.

Blackrock/etc are all sitting on an absolute glut of homes that boomers reverse mortaged that are starting to fall apart. That market is more rigged and set for collapse that anything else I can think of.

>>518767975
All the bitcoins are held by a few whales so same except far worse.
You can at least live in a home.

>>518767966
>BTC is fully independent

>>518767833
Every market is manipulated to an extent, but crypto is literally a state-sanctioned Ponzi Casino. It's designed to soak up inflationary USD mass in exchange for caches of internet casino tokens, which you are told are very valuable, but you can't actually buy or pay for anything with them IRL

>>518767774
there have been several but the

>>518768066
See
>>518767554

I wasn't advocating for BTC. My suggestion to young men is to hold out on buying a build home for as long as possible, starving companies like Blackrock as they sit on sinking assets with their leaky roof.

Invest saving in metals, silver AND gold, primarily the latter, to stave off inflation. Once the boomers have really started collapsing in demographics, the prices of homes will drop like mad.

I could be wrong, but I absolutely believe buying a home with anything other than cash up-front, has to be the most retarded thing anyone could do right now. I've watched my local community play a game of musical chairs with their homes and associated loans; it's a hot potato and they know it. If you cannot afford a home WITH CASH, you are FUCKING STUPID to buy now.

>>518767919
It still being used currency, anon surprised that Slavs are this stupid.
Gee, I wonder why everyone is digging up all this gold and entire Middle East loves gold so much why rich people have rare metals such a gold always in their vaults

>>518767538
>N-No, you're supposed to just sit on your electronic monopoly money forever and pretend the number next to it means you're rich
>STOP ASKING HOW TO TURN IT BACK INTO REAL MONEY
>I SAID STOP ASKING!!

Let's make a thought experiment here
>One anon here buys physical gold and invest a chunk into that. It's still just shiny rocks but he can see them, feel it and taste it
>Meanwhile another anon invest an equal proportion of cash into bitcoins and he sees a number grow on a screen.
>Suddenly a solar flare happens and cripples the entire electric grid of the planet is disturbed and paper news are back, saying it could take decades to restore it and that all that could benefit the restoration as conductors of electricity and raw material to overall reboot the system is now sought after and traded wildly for anything that isn't nailed down.
Who benefitted the most?

I suspect there will be no more pro-Bitcoin arguements in this thread, as debating BTC vs metals is a losing debate, or just not one they care about. They're just here to pump BTC and will make a new thread for that goal if this one gets too much push-back. Nature of shills.

>>518767065 (OP)
bitcoin is a scam piece of shit.

>>518767065 (OP)
Remember to sign up for that 30 year mortgage slave anon we bankers will manage the economy.

>>518768790
>Nature of shills.

That was a bit too mean. I should have just said 'nature of all the late-to-BTC normies that are just starting to realize they got into the pool after Elon pissed in it, and Trump dropped a log'.

>>518768609
>le solar flare
Why go for these extreme fantasy scenarios? There's no need for that. The government can just decide that it's over and pull a plug on it, and there's nothing anyone will be able to do. The government can demand Tether to open their books and show how much funding they have exactly opposed to how much raffle tickets they printed to balloon BTC to >100k, and the entire crypto market will be over in a couple of hours

>>518767331
>Reddit
Go back

>>518767833
pretty much, as soon as banks and institutions decide they want an asset, they just get the fiat funds available and funnel it wherever they want. It's genius really, they get the asset and the goyim get some paper. Worst case is when they control a majority of the asset and then dictate the price at will pumping and dumping the shit out of all the noob investors. And they've been doing it for a long long time, truly money masters

>>518767065 (OP)
Bitcoin is the biggest shitcoin. Dogecoin is better than that gay shit ffs.
>hreee muh 21 million piles of shit

>>518768609
that's pretty ghey tho. I invested in both. Tho I'm glad I still have gold and silver shiney rocks I made so much more in shitcoin... just new investors shouldn't be looking at Bitcoin to make the most profits. It sucks. Dogecoin is even better than it.

>>518768609
In your singular, incredibly specific, entirely made up and unlikely scenario? The guy with the gold. What's your point, retard?

>>518769084
I used to date this chink, and her brother was an endless source of amusement. I was telling her about BTC, so her chink brother responds by going all in on DOGECOIN because of reddit memes.

He once was telling me about how much money his chink dad spend being an audiopile, explaining how he even bought gold cables. I had to stop him when he added gold 'HDMI' cables. I was like... dude... digital signals... that 'gold HDMI' cable at BestBuy is a literal con. Watching him realize that BestBuy, a dept store, would scam him, and had successfully was one of the more beautiful moments in my life.

>>518767331
portability is kind of a reach. Silver is a rough one to transport but I mean a single kilo of gold is like 140k, for the average person you're not going to be struggling to transport that and it's actually why gold is preferred by institutions over silver. I mean like 20 lbs of gold would be akin to a million bucks or around that, I don't really see that as hard to transport. Maybe if you're like trying to move 100 million in gold it becomes a challenge

>>518768991
Maybe your government can, but in western countries there is still an illusion of democracy and people would never again vote for the party that shut down bitcoin.

>>518769259
I thought you could see it.. it has a dual value.
Both as it sits now and in a specific scenario that was described above.
In a sense, it's failsafe proof and not a gamble as it doesn't rely on society to work to remain valuble.

>>518769342
Walking around with a lot of gold will get you places.

>>518769384
>democracy

*checks flag*

Right... anyways. I'm sure if Biden, or someone like him, a democrat, being the point, had started shutting down bank accounts along political lines, democrats would never get back into office again. /s

I thought you guys were supposed to be smart and educated...

>>518769384
>People would never again vote for the party that shut down bitcoin
Extreme naivety

>>518769384
>Democracy and people would never again vote for the party that shut down bitcoin.
Crypto is just a pretend Ponzi stock market for retards and literally no one but libertarian clowns, speculators and jeet scammers will oppose shutting it down. In fact it will be hugely popular because most normies actually resent it due to not having the foresight to get in early and make money on it.

>>518770554
>Crypto is just a pretend Ponzi
You just went full-retard. Never go full-retard when comparing a "ponzi" scheme to a real ponzi scheme like the USD is as fiat.

Ponzi implies a top-down control.

>>518767065 (OP)
a made up number remains fantasy while gold exists, retard.
obviously its an invention of the new world. as long as they trust the shitcoin it can be whatever they wish.

>>518771077
>Ponzi implies a top-down control.
exactly like bitcoin

>>518771580
How does a retard like you solve captchas? With help?

>>518771077
>NOOO IT DOESN'T MEET THE EXACT ORIGINAL 1920s DEFINITIONS OF A PONZI WHICH MEANS IT ISN'T ONE EVEN THOUGH IT IS IN ALL WAYS THAT ACTUALLY MATTER
The only thing a scheme has to “imply” to be a Ponzi is that the payoffs must come entirely new investment money, while the operators take away a large portion of this money and conceal the negative-sum outcome.

But even then your extremely reductive argument about “top-down control” can also be made, in the case of cryptocurrencies it's iFinex Inc which prints the USDT raffle tickets to prop up the BTC price so it doesn't bottom out, which identifies it as the Ponzi's operator.

>>518771737
>t.definitionsDontMATTER

Lot of typing to say "I'm a retard". Carry on.

There is a more fitting term for what you are trying to say, but since your a retard, I'll watch you whinge about being an idiot instead.

>>518771953
>No arguments
I accept your concession

>>518772069
Yeah, because you are troting out shitty arguments liberals used years ago to attack BTC, and they sound as retarded today as they did then, you ignorant parrot.

Hint: it's called a multi-... nevermind fucking retard.

>>518767975
>Blackrock/etc are all sitting on an absolute glut of homes that boomers reverse mortaged that are starting to fall apart. That market is more rigged and set for collapse that anything else I can think of.
Other than bitcoin

>>518772588
That's fair.

My guess is at some point in the next few years it drops back down to ~$56k a BTC before stablizing somewhere in that area. Everyone is speculating on it now like their dumb asses did on Telsa stock and it's future "potential" (assuming the USG continued forcing EVERYONE to drive electric cars, was the idea). Now the same crowd of morons has over-inflated the shit out of BTC like it's going to be something EVERYONE uses and holds. Not going to happen there anymore than it has with gold or silver.

>>518767331
this proves that we should go back to gold though

>>518767065 (OP)
Bitcoin isn't even the best cryptocurrency.

>>518772995
As someone without a credit or debit card I'm willing to use online, BTC sure as shit is better for online purchases than gold. And I say that as a gold advocate that's bullish on BTC.

I've paid for my internet service for the past... fuck... at least the last seven years using BTC, no intermediary, just direct transaction from self-custody wallet to address, once a year.

Find me an ISP anywhere that takes direct gold payments for service.

>>518772995
>>518773202
Opps. Must have missed the 'crypto' in 'cryptocurrency'...

I'd love to hear what you think is better, cause I also don't know any ISPs that'll accept monero. And if you even pretend ETH is better than BTC, I can only reply: wtf is your mom letting you browse /pol/ for?! Proof of stake is the most retarded cope against proof of work I could imagine.

>>518767065 (OP)
growth rate appearances can easily be manipulated, your jew magic has power only over the feeble minded

>>518767065 (OP)
As the old Chinese proverb goes
>The Crypto-jew will always brag about the alleged size of his portfolio
>But he will never explain how to spend it

The issue with Crypto, is that it won't be very scarce in a flight to quality assets. In fact, I expect it to simply move with the stock market going forward, which makes stocks a better investment.

>>518773434
>I expect it to simply move with the stock market going forward
It already does that?

>>518767065 (OP)
Why is bitcoin superior to gold?

>>518767331
>Divisible
That's what silver is for.
>Portable
Sure, it's not as portable as a flash drive or a stack of paper, but a pound of gold is $30,000 smackaroons and fits easily in the palm of you hand. It's pretty damn portable.
>Censorship resistant
Ultimately what gets accepted as currency depends on if people can pay bills with it. That's why both Bitcoin and Gold are speculative investments for fiat. This crap about peer to peer transactions is meaningless when you can't find any peers who will accept your metal brick or internet meme coin because they don't think they'll be able to pay bills with it.
>Verifiable
Gold is verifiable though, coin shops need to check that what they're buying is authentic as well.

>>518767936
Structured atom model.

>>518767065 (OP)
It's all made up in the end. It doesn't matter if it's physical, digital, or entirely fictional. What matters is what people think its value is. Gold is something stable. Due to historic and practical uses, it's unlikely to ever truly diminish in value. But aside from the unprecedented recent growth, it's not what you'd typically invest in to make money. Memecoin on the other hand serves that exact purpose. It's highly volatile and dangerous, but you can get rich from it. But if you have no money whatsoever from the start, then it really doesn't matter what you think because you won't be doing anything with either of them.

>>518767331
>Censorship resistance
Gold is also peer to peer. No one can tell you not to give someone gold for goods and services.
>Verifiable
Gold is easily verifiable with electronic gold testers that are smaller and cheaper than a laptop.

>>518767553
Pretty much. If the value can be diluted like that, it's just another fiat currency. Bitcoin has value because it's pegged to a reserve currency and it has value as a means to transfer money outside of SWIFT.

Gold didn't crash because Trump mentioned "tariff" and "China" in a fucking tweet.

>>518767152
Nitwit who doesnt know anything.

bitcoin is basically a universal currency thats ment to make the whole FOREX market completley 100% obsolete.
btc will be used between banks and other large institutions instead of going on FOREX and trading between pallets of cash.
FOREX also trades pmg and fiat too so look out for that.

if anyone wants to get ahead of this btc fiat thing then you should understand how many calories need to be burned to mine gold and to mine bitcoin.
i.e.
energy is the end all be all of the economy.

>>518776217
If this was true banks would hold bitcoin as a reserve asset.

>>518776586
i think its in minority.
but im sure they hold some bitcoin.
doesn't goldman sachs and a few investment banks hold some bitcoin?
the closer btc comes to 1 million the more likely the banks will adopt it.
the closer this thing hits 1 million that volatility where it fluctuates 500.00 or even 20k will be a nothing burger.

>>518776217
Yeah I can't wait for my interbank transactions to take whole day because of shitass obsolete BTC technology instead of being instantaneous with SWIFT like they are now

>>518777004
No. Banks hold national currencies and American treasuries. The whole reserve currency system revolves around global banks holding American dollars and treasuries. Bitcoin does not exist in any of this.

>>518777101
Isn’t Russia banned from swift?

>>518777004
Why would banks hold bitcoin when bitcoin is not an actual currency used by a country?

>>518777371
>Isn’t Russia banned from swift?
Not completely, there are both above-board and secret banks still connected. They're just not widely advertised or publicized so they don't get swarmed by normies trying to get their measly goybucks out of the country and clog up the business channels. SPFS is instantaneous as well.

>>518777492
once bitcoin reaches 1 million it will be used to settle transactions between banks.
>>518777371
i think theres going to be a tipping point where it will be bitcoin that determines the exachannge rate of all currencies. thats my speculation.
>>518777101
ii have a feeling that once quantum computers become for prolific in the back end of alot of online processes , the waittime will be a nothing burger.

>>518777873
Bitcoin is banned in china which is the largest economy in the world. Why use currency that is essentially bank sanctioned in the largest economy in the world?

>>518767331
But to use bitcoin you have to go to an ATM, so you still depend on the banks.
If you want to buy something with bitcoin you first have to find someone who takes it and pay a fee and wait a lot

>>518768609
>the restoration as conductors of electricity and raw material to overall reboot the system
Just bulk copper.
But you need an insulator so have to bulk other stuff aswell.

The most important is to build a fortress (home) which can withstand the collapse of technology, knowledge and material access.
Food is part of this.

>>518768075
ugly ass hands

>>518778117
US is larger that China

>>518768991
>extreme fantasy scenarios
It literally happened 160 years ago, you think it will never happen again?

hey goys! put all your money in bitcoin! its le future!
>electricity goes off
oops! all your money is gone!

>>518767152
gold makes for longer lasting chip wires

>>518778920
If you're talking about the so-called Carrington Event it was completely made up in the 1990s.

>>518779117
Silver has higher conductivity than copper and copper has higher conductivity than gold. Gold just doesn't tarnish which makes it easier to make connectors from without risk of tarnished or corroded contact points. I don't see them using gold widespread for making internal circuitry though as that loss of conductivity is pretty huge.

>>518767065 (OP)
>>518767329
>>518767542
>>518767554
>>518767731
>>518767847

>>518767854.
>young men that cant get on the property ladder.
>
>ill be rich one day!!!
>
>No you wont.
You ain't seen nothing yet kike.

>>518767065 (OP)
it doesn't need help
(((fiat))) is trash

>>518767331
>gold not verifiable
With the intellectual capabilities of a redditor it perhaps isn’t. Others can.
>not portable
1 kg buys you a car. That’s more than the vast majority of people do even have at hand. Laughable.
>censorship resistance
If anything gold is better since it’s more anonymous. Bitcoin is completely transparent. Of cause they can outlaw anything, but that’s the same with bitcoin.
>divisible
There are small gold pieces and it’s not that complicated to make them, but even if usually other metals like copper and silver etc. are used. Hence the argument falls flat. Bitcoin is a speculative asset while gold is a storage of value and protector of purchasing power.

>>518772995
based XMR chad

>>518779750
>pic related
Monero is the final solution to the taxman question and is what people think Bitcoin stands for

>>518779244
>this is fantasy, can't happen
>gets shown moment that happened and is extensively recorded and documented
>it was made up
Yeah whatever exchange all your money for electrons floating through the grid and pray to whatever you pray to that the grid never collapses. I would rather have my shit with me.

>>518778117
people are banned from using bitcoin.
i bet that the party and their bank hold alot of bitcoin and other cypto that was no doubt seized when they started to crack down on it.

>t. living in (((hyperinflation)))
can any crypto bro help me out

>>518779887
>gets shown moment that happened and is extensively recorded and documented
It's not “extensively recorded and documented”. The Carrington Event is a literal hoax — actual printed encyclopedias and periodicals on Carrington and Young from the time have no references to it. 1879 The American Cyclopaedia (compiled just 20 years after the supposed event) has references to the 1871 sunstorm, but not to this supposed monumental “event”. 1899 Dictionary of Places and Names, no reference, 1910 Britannica 11th edition, 1929 Britannica 14th edition even the 1990 Britannica 15th edition all have articles on Carrington, solar activity, sun spots and etc but NOT A SINGLE ONE mentions this supposed “event” that was totally real.

You are a mindraped goyslave living in a fictional fantasy world, don't @ me

>>518768609
>solar flare
Never ever, sadly

>>518780200
buy gold, silver, real estate

>>518780955
bro I am in loan shark debts since 2019 because our (((rugged))) us
https://www.france24.com/en/live-news/20210601-lebanon-crisis-among-world-s-worst-since-1850s-world-bank
was asking if someone can send me some crypto so I post an address
yes I am that deseperate
keynesian kikes deserve the rope

>>518767065 (OP)
And then the power goes out.

2030
gold - 1 trillion $
asscoin - 0 $

>>518767065 (OP)
Gold is popular because it's a stable asset. Bitcoin is popular because it's a highly speculative high risk asset (was supposed to be a currency but that failed) that's probably part of a larger tech bubble around crypto / blockchain.

>>518767553
Also the devs can just print more if enough people want. The only reason people act like this is set in stone is because it'd make no sense to the current userbase which craves deflation to make number go up. But a lot of the upwards pressure is because it's still the only "credible" crypto out there largely because it was the first that hit off.

>>518768991
Nice to see a Ruski be the voice of reason. Current GOP and Trump love to exploit crypto atm but they have the power to just shut it down too. Like others have said just randomly shutting it down now would be a bad idea but what if there's a massive crash and scandal with abuse from above?

bump

>>518781006
anyone?
shamefully asking

>>518767331

the most cursed comment of all time kek

>>518773309
>I also don't know any ISPs that'll accept monero
If your measure of a good cryptocurrency is whether or not the jews will let you use it, then you haven't understood the point of cryptocurrency.

>>518767065 (OP)
yeah but can you hug your buttcoins?

>>518779534
gold is going in the way of the diamond and something the Bible talks about but is from olden times, not forefront
>>518779761
too much block space, just use coinjoin
>>518780200
I like Dogecoin $DOGE Jesus loves you
>>518767774
wouldn't be the first or the last
>>518779287
they're saying gold for the high heat but they'll try everything

>>518779722
>store of value
all gold is fake until proven otherwise. how much fake gold is in vaults? we will literally never know

>>518784299
My measure of any currency is whether or not you can pay for stuff with it, which with crypto you can't do

>>518780112
China is overtly hostile to bitcoin and considers use of bitcoin as a type of capital flight. Even discussion of crypto in china is banned.

The Chinese government DOES NOT LIKE BITCOIN

>>518767331
Crypto is good in theory but it's just bits of data. I don't trust it as anything that's tangible. Gold takes time and energy but you have something physically tangible. I think was dreamed up by the banking oligarchs to get more control over the system they run. Attached to a digital id system they control. Ultimately to get rid of cash and other physical forms of currency.

>>518767774
cash out and buy what exactly?

>>518767065 (OP)
Buy and sell before 2040
The block rewards won't meet the power consumption costs to mine.
2 things will happen
>1. Devs will finally succomb and do dynamic block sizes(not going to happen, see 2017 with bch)
>2. People dump tf out of btc once the transaction fees sky rocket because miners aren't getting paid enough

>>518767298
Why would you do that?

>>518788445
The only entities that can cash out significant amounts of crypto are state actor connected bagholders or criminal networks, because crypto is so volatile and unregulated there's a significant risk of getting scammed/rolled so you need a threat of violence backing you up to complete the transcation. All the regular goy crypto "millionaires" just charge everything to their ordniary credit card which they then pay off with incremental amounts of exchanged crypto raped by fees and exchange rates.

>>518767065 (OP)
gold went up while bitcoin crashed;l so, fuck off retard

>>518788445
i disagree. bitcoin has a lot of problems but it's also the best solution out there. gold has a lot of problems as well but it's also the best solution out there.

>>518767065 (OP)
>shuts off your computer
nothing personal, kid