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Question: intuitively, which option would you pick? 1, 2 or 3 (see image in first post)
1 - bitcoins (worth USD 70)
2 - silver (worth USD 70)
3 - 50 EUR bill (worth USD 70)

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Author Topic: intuitively, which option would you pick? 1, 2 or 3 (see image)  (Read 3997 times)
molecular
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October 28, 2011, 09:20:15 PM
 #1



EDIT: I made it so the 3 heaps are currently "worth" about the same.

EDIT:
  • 1: 17 BTC
  • 2: 2 oz of silver4
  • 3: a 50 EUR bill

assume these are currently worth exactly the same in USD. I want to know which one you trust the most intuitively to keep it's value. Will reset poll.

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October 28, 2011, 09:29:17 PM
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2

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October 28, 2011, 09:30:52 PM
 #3

3

Intuitively, I don't really know how much the others are worth
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October 28, 2011, 09:35:44 PM
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3

Intuitively, I don't really know how much the others are worth

The 3 options are currently of equal value.

1 for me, btw.

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October 28, 2011, 09:41:16 PM
 #5

1 is gold?

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October 28, 2011, 09:41:45 PM
 #6

I'm a fan of Silver. It's a bit more risky than gold in my opinion, but it historically has had the longest track record of being valuable compared to the other options.

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October 28, 2011, 09:42:16 PM
 #7

heh, why is fiat winning? people are zombies following a hunger for paper money.

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October 28, 2011, 09:44:17 PM
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heh, why is fiat winning? people are zombies following a hunger for paper money.

I tell you why fiat is winning: It's still in the heads. It's indoctrination, we're brought up this way. When you constantly put value on everything using FIAT to compare, at some point, you just internalize Value == FIAT.

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October 28, 2011, 09:49:16 PM
 #9

I tell you why fiat is winning: It's still in the heads.
This. The poll asked for intuitively, and intuitively I see the value in a 50 euro bill. (I expect this to be less for americans though)
When thinking about it, there's actually only about 15 BTC there, which is about 30 euro. So yeah, BTC is still worth less.
The silver thingeys (Canadian?) I have no idea about.

Edit: Oh? They're all worth the same? Are you sure about that?

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October 28, 2011, 09:51:28 PM
 #10

3.

1 looks too 'plastic' and 'fake' at first sight (probably due to the hologram).
2 doesn't look familiar at all, so it would be impossible for me to estimate its value.

3 has the additional advantage of looking more 'polished'.

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October 28, 2011, 09:52:08 PM
 #11

I tell you why fiat is winning: It's still in the heads.
This. The poll asked for intuitively, and intuitively I see the value in a 50 euro bill. (I expect this to be less for americans though)
When thinking about it, there's actually only about 15 BTC there, which is about 30 euro. So yeah, BTC is still worth less.
The silver thingeys (Canadian?) I have no idea about.

Edit: Oh? They're all worth the same? Are you sure about that?
Those are Silver Maples I think... Can't really see what weight. I assume 1 oz coins. Each worth about 13 BTC.
http://coinabul.com/index.php/silver-sorted-by-weight/canadian-silver-maple-1-oz-silver-coin.html

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October 28, 2011, 09:54:50 PM
 #12

3.

1 looks too 'plastic' and 'fake' at first sight (probably due to the hologram).
2 doesn't look familiar at all, so it would be impossible for me to estimate its value.

3 has the additional advantage of looking more 'polished'.

oh god, I should've used a 100 USD bill. it's a fifty EUR bill, man.

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October 28, 2011, 09:57:37 PM
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I tell you why fiat is winning: It's still in the heads.
This. The poll asked for intuitively, and intuitively I see the value in a 50 euro bill. (I expect this to be less for americans though)
When thinking about it, there's actually only about 15 BTC there, which is about 30 euro. So yeah, BTC is still worth less.
The silver thingeys (Canadian?) I have no idea about.

Edit: Oh? They're all worth the same? Are you sure about that?
Those are Silver Maples I think... Can't really see what weight. I assume 1 oz coins. Each worth about 13 BTC.
http://coinabul.com/index.php/silver-sorted-by-weight/canadian-silver-maple-1-oz-silver-coin.html

I tried to make all options "worth" about the same using todays prices. because I was trying to find out, what people expect to be most sucessfull in terms of actually keeping it's value in the furue.

it's 17 BTC, 2 oz silver (maple leaf) and 50 EUR

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October 28, 2011, 10:00:47 PM
 #14

How do you use those bitcoins?

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October 28, 2011, 10:02:01 PM
 #15

Not many prefer the extra weight and "jingliness" of coins over an effectively weightless piece of paper.

The investor in me wants to hold all three with a bias toward silver (2) and Bitcoin (1) a close second. Most of the people I know would gravitate toward the fiat paper bill (3) with its clearly visible denomination of 50.
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October 28, 2011, 10:03:45 PM
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I can use fiat to buy milk and eggs.  When I can use something else, I will.
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October 28, 2011, 10:05:08 PM
 #17

How do you use those bitcoins?

Those are "casascius physical bitcoins".

You can exchange them physically for goods/services/favors.

Also: you can redeem them at mtgox, for example. They have a private key to 1 bitcoin hidden behind the hologram, more info: http://casascius.com

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October 28, 2011, 10:05:24 PM
 #18

I tried to make all options "worth" about the same using todays prices. because I was trying to find out, what people expect to be most sucessfull in terms of actually keeping it's value in the furue.

it's 17 BTC, 2 oz silver (maple leaf) and 50 EUR
You do know that 50 euro is actually 70 dollar, right?
Anyway, Europeans have actually had a currency change in 2002. For me, the Euro was worth more than the old currency, i.e. everything looked cheap. This takes a while to get used to, but eventually you get an intuition for the buying power of the new coin. The "looks" don't really matter, I think, just the familiarity with the worth, which grows after a while.

How do you use those bitcoins?
There's a private key under the hologram. You can import that into your wallet, or into mtgox. Or you can spend the physical coins again, of course.

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October 28, 2011, 10:05:48 PM
 #19

heh, why is fiat winning? people are zombies following a hunger for paper money.

Because I can actually pay with it in shops, contrary to silver and bitcoin?

Isn't it what money is for?

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October 28, 2011, 10:06:26 PM
 #20

I can use fiat to buy milk and eggs.  When I can use something else, I will.

I will try to use silver at my local farmer's shop soon and tomorrow I will try to pay a ride in silver. Let's see how that goes Wink

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