Bitcoin Forum

There are about 210,000,000 kg of gold in the world.
And so, 1 BTC is comparable to 10 Kg of gold.

Bears have a brain of size comparable to human brain.
So bears are as intelligent as humans.

If btc get world accepted then it will hold such price to. :)

your comparing money to the illusion of money.

Bitcoin is money and gold is the illusion.

history and the very definitions disagree with you.

at least  ;D

This.

Future history will disagree with you disagreeing.

cryptomining is this forums latest troll. best just put him on ignore and move along.

No. BTC and gold are very different. You'd have trouble crossing borders and getting on a plane with 10 kg of gold.

I know what you are trying to say but you misunderstand the energy component of money vs currency and you also misunderstand cryptomining's presumption which is absolutely correct.

MONEY =  ENERGY
ENERGY = VALUE
VALUE = MONEY

Gold is intrinsically valuable because of the massive labor energy required to find, extract, and refine it. It is extremely rare and so is a bitcoin. This exactly why mining is required. Without mining, a bitcoin has no stored energy and therefore no stored value.

Both gold and bitcoin operate on the same principles of sound money. They are both stores of value. Gold has been real money for 6000 years. Bitcoin is in its infancy but with more exposure will gain confidence and it turn will gain wider acceptance.

But to call gold an "illusion" is simply ignorant of the basic fundamentals of money theory.

Gold is useless ... when i want to buy online a TV  ::)
BTC  ... no  ;D

I don't have touch gold since i was born ... so it not today that i touch them.  8)

Dont hate cryptomining simply because you do not understand simple basic economics and commodities. He's not a troll, he is simply teaching you kids the truth. Gold is no illusion. Your lack of education is the illusion.

Its better to educate yourselves now before your ignorance hurts somebody.

Gold & Bitcoin work hand in hand.

Where do I go to exchange this bitcoin for a 10kg. gold bar?  :D

How do you carry 10kg of gold around? Much easier 1btc.

With 10 kilos of gold; my servants will carry it.  ;D

lol with 10k u are not gonna have any servant in any evolved country.
Otherwise ur 10k are gonna end up pretty quickly :)

its p2p fiat not money these are simple definitions, look them up


money
currency
fiat
intrinsic value
store of value

There are 2 billion dimes in the world.  So 10 dimes are worth 1 kg of gold.

Yeah guys, according to OP 1 BTC equals $397,000 USD, so everyone is rich now

There is one of me in the world. So I am comparable to 210 000 000 kg Au?

This definition of comparable is too lenient to be useful.

Either that or you're worth 1/3 of a dime.  I think cats are a dime a dozen.

Am I the only one that actually finds this interesting?

I think the idiots who are already counting their millions after buying 1 bitcoin are going to end up very sad in the future.  Get rich quick fantasies are ruining crypto.

Following the same paradigm, as the world has five times less silver than gold, maybe we can say that 1 BTC is comparable to 2Kg of silver.

hi, your not alone.

Water is 1,410,000,000,000,000,000,000 Kg so 1 BTC is comparable to 70 trillion Kg (or liters) of water.

Air is 5,140,000,000,000,000,000 Kg so 1 BTC is comparable to 200 billion kg of air.

don't forget that the moon contains 1 billion KG of gold, so the moon is worth 1,000,000,000 BTC

Everyone knows that the gold of moon is on a parallel universe so that doesn't count.  ;D

We all know that Bill gates has a time machine, so it's only a matter of time before someone buys it from him for 1,000,000 bitcoin.

Sorry Dude, please just don't be offended, but it'funny to see it written by someone called Catcoin lol

How about diamond :D

I was in the process of putting together a "catcoin" that had the goal of helping no-kill animal shelters and animal welfare organizations, but someone "pre-announced" the current catcoin about a week before I was going to release mine.  My username has nothing to do with the current catcoin, and I should probably change it since I'm not particularly fond of it.

So, it's really not all that funny... though I see what you were getting at.

bitcoin is currently not as widely accepted as a store of value as gold, but in case it will ever be, then the price may resemble that of 10kg of gold.

One alos has to consider though that bitcoin is much more valuable than gold for the fact that it's digital, and therefore has a lot of benefits. It can not physically be stolen (although you should take measures against hacking), and it can easily be transfered across the world in milliseconds, something that's impossible with gold. And it probably has many other features that gold can never dream to have.

Therefore, 1 bitcoin may in the future become worth even more than 10 kg of gold.

they can and will print more dimes.

I might argue that that adds to the humor of it, actually.  :D

+1.
This reminds me on the line drawer in charts who say "see, the price has risen 3000% last year, so it will rise 3000% forever. Should the price be below this line, buy! Over the line, go short!"  ::)

(ps: I am not saying that 300 000$ per Bitcoin is not possible. I am just saying that the argumentation is stupid.)

Diamonds are a very different matter because they vary in size and grade, it is already possible to make them synthetically and the stats are not very good in saying how much of them there are.

But, let's say, in a very loose sense that there are about 100 billion diamonds of on average $2,000.
Then 1 BTC compares to about 5000 diamonds and so to about $10 million worth of diamonds.

Some stats say there are about 1.5 billion houses in the world.
So, using the same paradigm, 1 BTC compares to 71 houses.

i dont think it works that way

About 400 billion tweets have been tweeted so far.
So 1 BTC is comparable to 19047 tweets.

Ill sell you a BTC for 10kg of gold then sir

i gave 1 bitcoin you give 10kg gold ? OK I give 2 bitcoin.
we set up deal now =D

Past history agrees with you disagreeing with future history.

Or something.

Also, if physical gold were widely used as a currency, instead of dollar bills or whatever, I imagine demand for it would be higher and its value would increase. If Bitcoin succeeds, demand for it may become higher than demand for gold is now, so that's another reason 1 BTC may be worth more than 10 kg of gold is worth now.

LOL ! :P