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Author Topic: If everyone used GOLD instead of paper money like the sheep we are and just igno  (Read 1668 times)
wuvdoll
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January 26, 2016, 05:47:05 PM
 #41

If everyone used GOLD instead of paper money like the sheep we are and just ignore the banks and the gov they will be forced to use GOLD also the power is in our own hands and you don't have to carry a lot of it....

1/10 coin will buy the equivalent of $106 worth of goods in fact... the goods weigh more than the gold itself you cant expect to have everything in your own world some sacrifices need to be made to stabelize the economomy

Gold is not practical, that's why nobody uses it.

Even if the government would force people to use gold, people would quickly switch to checks and other notes.

Paper currency is just an evolutionary step from gold. A shitty one, but still.

Bitcoin is the next step, people want their money to be easy to use, bitcoin is perfect for that.

Gold was always treated as commodity but was never treated as cash. That is why when people import gold from foreign countries, they have to pay a huge amount as custom duty. Bitcoin will be completely different and it can be used as cash as well as commodity.

Same case goes with bitcoins and hence Government hates it as they cannot track the amount of bitcoins every person has. If users had to be used as fiat, I doubt how users would measure the gms and buy their day-today things. It would be damn tough unless we had coins having a certain value.
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