@Jet 
maybe as a consolation for you, I went there and I looked around.
I was a regular over 10 years ago.
The difference is abysmal.

At that time, I'm talking the gold and silver threads, there was 10x traffic than now. No kidding.
The forum is almost dead.
Several threads in the first pages being opened by the moderators, which is desperation, with spare comments figures.

Kitco was one of the biggest forums about precious metals at the time, and was known for being very strictly moderated.
I guess, kitco forums deadness mirrors the current market sentiment for precious metals

I agree, but how about merging gold and blockchain?
How about gold-backed Stablecoins?
Would Bitcoin be better than gold-backed Stablecoins?

@coolcoinz,
I don't know where you read me suggesting that fiat currencies will survive until the end of the century.
Try to read my messages and you will see that nowhere I suggested something link that.

Commodities can become currencies if they are put on the blockchain, so to speak, i.e. if they are used to back cryptos.
In fact, something like that exists already. They call them x-backed Stablecoins, where x is a commodity.

Certain commodities were currencies, for example gold. They called it Gold Standard and it worked well until the Central Banks took control of the financial system and imposed their fake money.
Gold can be a currency again as a gold-backed Stablecoin.

Commodity-backed Stablecoins are cryptos, I guess, that's why we can talk about them in a fiat vs. crypto thread.

All coins but Stablecoins.

The price movements of Stablecoins don't follow the price movements of Bitcoin.
Stablecoins are not designed to follow demand and offer of them, but to follow demand and offer of what they are pegged to.

Price movements of a gold-backed stablecoin will follow price movements of gold.
Price movements of a $-backed stablecoin will follow price movements of $.
Etc.

Each DGD represent 1g of gold.
It's price is the price of 1g of gold.
No manipulation is possible.
This is the cool of gold-backed stablecoins.

1) If whales come in and buy DGDs, they have to wait for the company to acquire and vault more gold to create more DGDs.
The price of 1 DGD is designed to represent the price of 1g of gold.

2) As soon as the price of 1 DGD > price of 1g of gold, DGD owners redeem (sell) their DGDs for gold,
buy gold on the open market,
wait for the price of 1 DGD to align again to the price of 1g of gold,
convert it again in DGDs.
This speculation game guarantees that the price of 1 DGD = price of 1g of gold

This speculation is only possible with those gold-backed stablecoins which allow the redemption of their coins for the metal.

That is the reason why the redemption for physical is one of the first features to look at in order to judge a gold-backed stablecoin project

What you describe here, we call it manipulation (which is illegal, btw)
So, you are saying that cryptos' markets are at large manipulated, price movements - at large - are decided by those entities which you call whales.
If it were true, neither people nor institutions should invest in cryptos. Only gamblers, if they want 

Plus, that would explain why cryptos are at large not yet accepted as a currency.
A manipulated currency is a bad currency for everyday's life.

So,

in order to become a better store of value, Bitcoin has to become more liquid;

in order to become more liquid, Bitcoin has to get increasingly deployed to buy/sell goods and services;

but: in order to get increasingly deployed to buy/sell goods and services, Bitcoin has to become a better store of value.

You see the problem? 

Let's make an example.

If you compare which one gets moves faster, it doesn't make any sense to compare a digital entity with a physical entity.
Digital moves clearly faster than a piece of rock.
So, does it mean that Bitcoin can get exchanged faster than gold?
No

How about putting gold on the blockchain?
Let's compare Bitcoin with a gold-backed stablecoin.
Which one moves faster?
That's a question which makes sense


Divisibility
Bitcoin
Bitcoin is divisible out to 8 decimal places, which opens up the possibility for micropayments where txs can be completed for fractions of a cent.   
Gold
While gold can be divided into smaller amounts, it becomes impractical to use small specks of gold in commerce.

So, Bitcoin wins?
Of course it wins, because you consider gold only in physical form.
How about putting gold on the blockchain?


Who is faster, Peter in his car or Paul with his bicycle?
The question doesn't make any sense.
Put Paul in a car, then it makes sense.

It is unfair to compare the portability of a piece of rock with the portability of a digital currency.
If you can digitalise the ownership title to that gold, it is unfair (to gold).
As soon as you put that title on the blockchain, that gold can get bought and sold digitally, then comparing the portability of gold with the portability of Bitcoin makes sense

"It can be moved and transacted in small amounts but becomes impractical when dealing with larger values because of its weight."
So, Bitcoins is more portable than gold?
No
Bitcoin is only more portable than physical gold.
As soon as we consider gold-backed stablecoins, gold is as much portable as Bitcoin.
If I own 3 tons of gold as gold-backed stablecoins, who cares about the weight

When you compare two things, you have to consider them under the same circumstances

You are right, in particular about transparency.
Transparency means no frauds, no manipulation, easy transfers verification.
For me, that is major point for cryptos

I would add a second major point: the circumvention of financial intermediaries, i.e. banks--> banks losing their grip on people's financials.

In other words, gold is for investing, crypto is for gambling 

There is slight different way to distinguish the role of gold and crypto:
gold is the best money (store of value)
crypto is the best currency (easy to move, secure, fast, cheap)

In Ordnung miau.
Danke zunächst für die Erklärung.

Aber: Dasselbe gilt für unser Alltagsleben, zu Hause.
Dasselbe gilt für den alltäglichen Einsatz von Bargeld.
Wenn man will, durch irgendwelche Zeugen, Beobachter, Technik usw., kann man in unsere Privatsphäre hineinschauen.

Prinzipiell ist unsere Privatsphäre nicht durch dicke Wände und Bargeldeinsatz gewährleistet. Das wissen wir.
Und trotzdem fühlen wir uns in unsere Privatsphäre geschützt, wenn wir Bargeld einsetzen und keine Kameras im Wohnzimmer installiert kriegen.
Warum ist es so?
Ist uns die heutige Technik nicht bewusst?

Nein. Es geht um den Begriff von normalen Umständen.
Unter normalen Umständen ist unsere Privatsphäre durch dicke Wände und Bargeld gewährleistet.
Deswegen sagen wir, dicke Wände und Bargeld würden unsere Privatsphäre schützen.
Und genau so: Unter normalen Umständen ist unsere Privatsphäre schon durch den Einsatz dessen, was ich "normale" Kryptos genannt habe, gewährleistet.

Dass es absolut nicht so ist, hast du gut erklärt.
Wenn wir auf der Ebene nicht der normalen Umständen argumentieren, sondern absolut, dann ok, suchen wir Kryptos, die möglicherweise 100% Anonymität gewährleisten.

Nur: Für mich besteht die Pointe der Kryptos nicht darin, Anonymität zu gewährleisten.
Kryptos bieten unserem Finanzsystem andere, wichtigere Vorteile.
Aber das ist wieder ein anderes Thema 

@Jet Cash, over at kitco I read Banned Full. Did you step on some wrong feet?

Blockchain is the future.

Cryptos have an advantage vs. gold: they use blockchain.
Gold is the future as soon as it get put on the blockchain.
Keeping your confidence in blockchain doesn't imply to throw away the one in gold! 

What many gold bugs populating the precious metals forums like kitco don't understand is the possibility to merge gold and blockchain.
Their stance is to refuse blockchain, to consider it gold's enemy, while actually this new technology could evolve to be the best friend of gold, allowing him to get a central role in our financial system.

There is no point in talking about stability if you don't define the term of comparison: stable compared to what?

It is the sun turning around the earth or the opposite?
It depends on the perspective.
From my point of view, the sun turns around the earth. I see it rising on the left and setting on the right.
From the point of view of another galaxy, it's the opposite.

If you take the $ as term of comparison and you compare all other currencies to the $, than the $ will be by definition stable, and all other currencies won't.
If you take the € as term of comparison and you compare all other currencies to the €, that the € etc.
It's a matter of definition, and definitions can be arbitrary.

For example, they say gold is volatile.
When they say that, they are comparing gold to $.
But they say also, in the last century, since the FED exists, the $ has lost 98% of his value compared to gold.

So, which one is more volatile?
Gold or the $?

It's a fake question.
Something is volatile or not, depending on which perspective you choose.

When we talk about currencies, the term of comparison shouldn't be another currency but purchasing power.
Gold is less volatile than the $ because it saves the purchasing power of its owner.

1g of Gold in 1900 could buy the same goods as 1g of gold can buy today.
No volatility
1 $ in 1900 could fill the shopping cart.
High volatility

The same principle is true with shorter time periods. I used long time periods (1 century) to make the point clearer

@ coolcoinz,
Your comparison with fiat currencies is flawed, because you consider the fiat currencies you mentioned, only while they were collapsing.
I wouldn't talk about volatility in that case

Compared to the major currencies since Bitcoin exists, Bitcoin is volatile.
For example, as far as I know, in this period it has been more volatile than any commodity.

Aus demselben Grund, dass sich so viele Bürger nicht verbieten lassen wollen, Bargeld zu benutzen.
Aus demselben Grund, dass so viele Leute den Sicherheitsbehörden nicht erlauben wollen, eine Kamera in jedem Wohnzimmer zu installieren.
Ob sie über das Ziel hinausschiessen, da Privatsphäre meines Erachtens auch durch "normale" Kryptos gewährleistet ist, das ist ein anderes Thema.

Ciao Michele
ho letto le ultime 4-5 pagine del thread.
Hai parlato di diversi trolls ma da febbraio (piú su non sono andato) ho trovato sostanzialmente solo questo Brubilla.
Tipico troll. I suoi contributi non aggiungono niene di informativo, tendono solo a seminare sfiducia nel progetto e a provocare gazzarre con attacchi ad personam.
Forse la concorrenza.

Finora secondo me ti sei comporata bene. Alcuni dicono di ignorare i troll. Io preferisco usarli per nutrire i miei thread (di solito i miei thread non sono molto frequentati...)
Sembra che sto cercando di convincerli, in realtà scrivo per il pubblico 
Stai attenta a non entrare nella gara a chi é più cool nello sbeffeggiare, rischi di far deragliare il thread nel classico fight club.

all is left are 3 people saying good morning everyday like some sockpuppets (italianiosos),
Your on the money, shilled mostly by michealt1 & a poor Italian group.
Il tono derogativo nei confronti degli italiani effettivamente infastidisce, ti posso capire

Qui si trova una lista di progetti di stablecoins coperti da oro
Data la lunghezza della lista, se all'inizio ci fosse un elenco non sarebbe stato male...
La lista esiste da almeno un anno. Non mi è chiaro in che misura sia aggiornata

http://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/

@cryptocaster,
You are talking about physical gold.
How about gold certificates?
How about a gold-backes stablecoin?

Easy to handle just like Bitcoin
More accepted than Btc in stores because of tradition

I have no problem in trusting an institution, as long as I choose which one.
So I have no problem with centralization.

I don't share the assumption that the main point of cryptos is decentralization,
just as much as, for example, I don't share the assumption that the main point of cryptos is anonymity.

Long term, Gold is more stable than the $.
Gold can save the purchasing power of its owner much more that the $ can do.
That's the main point of preferring a gold-backed stablecoin vs. fiat


What a relief for once not having to read the "If you don't touch it ..." meme! 
Thanks gentleman