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Author Topic: There are more gold than Bitcoin  (Read 762 times)
Rinder
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November 15, 2017, 09:03:08 PM
 #41

Gold has an unique huge advantage against bitcoin, its material, you can do a lot things with it, and show others. Besides those big advantage gold is used as store of value, is supported by each citizen as well countries, unlike bitcoin wich has a long road till get accepted, but as all centralized currencies and assets it has limits, something crypto hasnt at all a coin can go up and down over 100-300% within seconds.
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November 15, 2017, 09:06:18 PM
 #42

Scientists yesterday 17/10/2017 discovered a vast supply of gold on the far side of the universe.
The extraordinary hoard is the result of a huge collision between two ultra-dense neutron stars.
The resulting gravitational waves and radiation flash were picked up by powerful detectors and telescopes on Earth and in orbit.
The explosion happened 130 million years ago in the Hydra constellation, which is so far away that the light and the ripples in space and time have only just reached us.
The gold created by the blast is estimated to weigh more than the whole of the Earth’s mass. Huge quantities of platinum, uranium and other heavy elements such as lead were also created.
Scientists not only 'heard' the phenomenon by measuring vibrations in space-time, they also used satellite and ground-based telescopes to see light and radiation pouring out of the stellar fireball, dubbed a 'kilonova'.
Excited astronomers talked of opening a 'new chapter in astrophysics' and unlocking a 'treasure trove' of new science.
The discovery will help scientists better understand the inner workings and emissions of neutron stars, as well as more fundamental physics such as general relativity and the expansion of our universe.
One scientists suggests the event 'will be remembered as one of the most studied astrophysical events in history.'

21,000,000 Vs infinite amount of gold. find more than 21M Bitcoins.
I copied this from dailymail Uk. Bitcoin @$10,000 first month of 2018.



Whats the point of comparing them? For sure most of us do know the total possible supply of gold and the fixed total bitcoins. Theres no sense of such comparison. Gold is been here since the beginning of time since its one of the compounds that we can see on earth itself and abundance would really be there unlike on bitcoin which is limited but yet a great asset,currency and investment. They do have different fields which its inappropriate to compare.

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November 15, 2017, 09:18:41 PM
 #43

Replying to the OP because it is somewhat relevant information and an interesting debate.

Just because such elements were created in a "kilonova" doesn't mean they are actually accessible, and the fact that the stars collided so far away means we likely won't ever be getting anything close to those yields, since right now we don't have the means to access it, and might never if we can never find out how to fold space or do whatever else might allow for us to achieve faster-than-light travel.

It's like suggesting that there's an infinite amount of water in the universe, so we shouldn't have anyone on earth have a hard time accessing clean water due to the sheer volume that exists, in theory.
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November 15, 2017, 09:29:44 PM
 #44

The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.

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November 15, 2017, 09:59:42 PM
 #45

The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.


There is no substitute for something we have known for thousands of years. Gold is still more and more, and Bitcoin will never overwhelm his strength. In my opinion, virtual currencies can only partially replace existing money.
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November 18, 2017, 01:44:22 PM
 #46

The universe is very diverse and, probably, it has everything. I also read about the discovery of a large cloud in a space of many hundreds of millions of kilometers, consisting of alcohol. As for gold, if some of it were delivered to Earth, gold would immediately depreciate and cost no more than the utility of it as an ordinary metal. This also applies to bitcoin. To have value, it was limited to 21 million. If it was about as many as one type of tokens is sometimes issued, and be called a billion-one and a half, it would also be very cheap. Everything depends on the relationship between demand and supply.


There is no substitute for something we have known for thousands of years. Gold is still more and more, and Bitcoin will never overwhelm his strength. In my opinion, virtual currencies can only partially replace existing money.

Only because gold has other use aside from being a basis of one country's worth. but before gold the basis of wealth is salt so how can we say that gold can't be replaced in the future?
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