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Author Topic: Physical Gold Bitcoin  (Read 1049 times)
naughty1
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May 30, 2017, 10:24:04 AM
 #21

Hello everybody,

Is it a good idea to do this: issue a physical 1 ounce (or 1 gram, ...) 24 karat gold coin (call it BTCg coin) with a private key (of 1 BTC or less) engraved on it (or a paper wallet attached to it) and sell it for the equivalent and fixed price of the gold in fiat+ price of 1 BTC at the time of minting (let's say once in a year on 3rd of January)?

This will:

1. Make bitcoin even more popular,
2. The person buying it will say: Either BTC go up, and I will have the BTC in my BTCg coin making me profit. Or BTC goes down (say zero, for most conservative investor) and still have the GOLD in my BTCg making my investment less volatile.
3. There will be new front in trading...
4. be a moment of truth for BTC each year celebrating 3rd of January
...

Thank you.
 

It's not a way for bitcoin to grow, it's not working, look at what happened with bitcoin, the new government is the main reason for the development of bitcoin, if bitcoin is accepted by governments, It will grow rapidly.


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25 September, 2017
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K3surfacer
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May 30, 2017, 12:09:08 PM
 #22

A lot of people try to compare bitcoin with gold and they like to believe that btc association with gold or any other precious metal will bring more popularity to bitcoin which is not true.I believe btc and gold both have values but they are two different things.
Why choose gold to engrave 1 btc wallet priv key on it and why not platinum?

People always compare gold and bitcoin, it is not a coincidence, gold represents the most noble product of the material world, meanwhile, bitcoin represents the technology product.

Right. Gold is nice to have even in small amounts. I personally like having Gold and silver. BTC and some alternative crypto-coins are nice digital replacement.
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May 30, 2017, 06:23:14 PM
 #23

A lot of people try to compare bitcoin with gold and they like to believe that btc association with gold or any other precious metal will bring more popularity to bitcoin which is not true.I believe btc and gold both have values but they are two different things.
Why choose gold to engrave 1 btc wallet priv key on it and why not platinum?

Platinum is also an option. Gold is Gold. We all have seen it. Many versions can exist. The core of this idea is to combine them and consider both values. It is not just BTC looking coin. It is GOLD coin containing a Bitcoin: Making a significant point.
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