Regarding gold and silver, I thought that these such Pms would continue to languish, especially due to their lack of portability, difficulties to secure, difficulties to verify purity and difficulties to divide, and likely other problemas.
Fake talking points, especially "lack of portability". What do all outrageous scams have in common? They ALL have unrivaled portability, whether it's mortgage backed securities or fiat paper represented by digital numbers. Why do instruments like that have high portability? Because you aren't actually transferring ANYTHING of value at all. For all you elementary children out there, if something has no value, this is represented by the number zero. Transferring zero from point A to point B is a completely frictionless enterprise. It breaks no laws of physics!
You can say "fake talking point" all the fuck you want, but if we narrow down the conversation to gold and bitcoin, and we go to make the comparison, good luck moving $1million dollars worth of gold around.
You're attempting to claim something having absolutely no value whatsoever is a positive. Completely laughable.
I doubt that I was making any such claim. I don't want to get into particulars with all the bullshit fake gold paper products, if we merely stick with comparing physical gold to bitcoin, then we have two items that have actual value in today's world. Figure out how you are going to move each of them around, and one of them (bitcoin) is way fucking easier to manage...
If something has abnormally high portability, it's not a sign you've discovered the holy grail, you've discovered the holy grail of scams.
It seems that I have discovered bitcoin, and it seems that a lot of other people have discovered it too. Accordingly, more and more people are discovering it.
Friction is required in any real biological or cosmological process.
I am not sure exactly what you are getting at, here, but if you are trying to suggest that bitcoin lacks value because it is not sufficiently physical, then you seem to be caught up in too much myopia. People don't go there no more. Even though currently, gold has current market cap around $7 trillion or $8trillion dollars, maybe its value will double or triple in the coming 10 years, and that's a BIG MAYBE.
In the next 10 years, I would think bitcoin has much better chances to increase from its current $100 billion value (even to 2x or 3x or even 5x), and even decent chances to pass up the total market cap of gold, which could be a 100x or 200x price appreciation for bitcoin from its current price.. which certainly remains in a reasonable realm of possibilities for bitcoin.
We do not necessarily have to bank on such 10x, or 100x or 200x BTC price appreciations in the next 10 years to still be able to recognize decent upwards price appreciation possibilities for bitcoin. Even if BTC merely doubles in the next 10 years, would be decent return on investment, which seems totally feasible.. and even likely to be a better investment than gold or silver.
As for difficulty to secure, how often do you see a silver or gold vault whether commerical or private being robbed or having everything in it mysteriously vanish? Not very often. How often do you see this in bitcoin? Like every day.
Huh? Why you need to discuss commercial holdings of gold? I though that we were wanting to talk about personal holdings? Sure, I suppose you could keep a few million in gold in your house or divided up amongst a few hidden locations, but if you are really getting into a decent quantity of gold, then it seems like it is going to be heavy. ON a personal level, I suppose you might not have to have extra security for $1million or less if you just hide the gold in various places. Bitcoin does seem easier, but it comes down to the whole combination of the process of not only storing it but there comes a time that you need to move it around and to spend it.. so I suppose you could find some folks who will help you liquidate your gold without gouging you on fees, perhaps? To me, bitcoin seems much easier.. and this is a bitcoin thread, so I am not sure why we need to get into these kinds of particulars. If you know about so many easy ways to store and move around and cash out your gold, then all the power to you.. go forth with that in some other thread.
These are all complete bullshit, nonsensical talking points. "Difficulty to verify purity"?
Who cares? This is not a compare bitcoin to gold thread, even though bitcoin is much easier to verify than gold. So how could it be bullshit beyond your asserting it.. and actually none of us needs to either know about gold or give a ratt's ass about gold because this is the wrong thread...I am sure that there are other forum threads that are more than willing to go down that road and the subject of compare and contrast would even be relevant to such thread. you just continuously want to derail, it seems by pumping your bullshit, and then asserting that people here don't know enough about your irrelevant talking point... of course, we don't necessarily know shit, because your talking points, are not relevant. You dumb ass.
You obviously don't understand shitcoins have no Schelling point.
Are you talking about bitcoin? Of course, bitcoin has shelling points and with the passage of time the shelling points go up and up and up as the networking effects continue to increase. You understand Trace Mayers outline of 7 network effects in bitcoin, correct?
You're the one with the "difficulty to verify" problem.
What are you talking about, again? Bitcoin can be verified on the blockchain. Of course, if BTC HODLers are holding with third parties than there could be some verification problems with that, but those people can claim their bitcoins at any time to then verify them in a private holding situation in which they can verify that they have the quantity of BTC that they believe that they have.
Shitcoins can be produced infinitely with no overhead with absolutely no reason to use one over another.
Stick to bitcoin fucktard. Who gives a ratt's ass if there are more than 1,000 other altcoins (shitcoins) printed, and that shitcoin printing phenomenon does not undermine the scarcity of bitcoin, as you (and other bitcoin naysayers) would like to presume that altcoin printing does undermine bitcoin and merely you and other bullshit spreaders create strawmen factors in order to argue some nonsense points that are not even relevant to actually what bitcoin is doing... Get a fucking grip with your convoluted inflation strawman arguments.
In fact, they have a reverse Schelling point because you're incentivized to use a different coin where the distribution favors you instead.
Again, no one is arguing any need to use any other coins, except for you. Of course, if you find various coins have lesser value than bitcoin, then you might spend those coins first, under a gresham's law type approach to money, but there is no reason that bitcoin is not coming together around its own sound money principles, and bitcoin, by the way, is the most sound money ever created, including being more sound than either gold or silver... which you likely realize that but you are still spouting out misinformation talking points and trying to ignore the obvious.
Since you can't frictionlessly produce a new form of the noble metals in your basement, metals don't have show stopper problems like this.
Again, you seem to be attempting to criticize bitcoin by lumping in altcoins into the same umbrella... and who the hell is going to go along with that messy amorphous and nonspecific framework, except for folks like you who are engaged in fantasy creations of situations that do not exist in order to make up ongoing strawman arguments.
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