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Author Topic: Limited Supplies Lead To Death (SIMULATION) Satoshi Help.  (Read 117 times)
TimeBits
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April 23, 2019, 06:35:09 PM
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Sorry I been up for 24hours and my thoughts are just off the top of my head. The stuff I am talking about is in the middle of the video

https://www.youtube.com/watch?v=494ki3Dz9pM
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June 19, 2019, 09:19:59 AM
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So how come Gold hasn't died yet until now? The limited supplied implied here doesn't mean a sharp sloppy graph! It's a gradual process which could take centuries to happen.
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June 19, 2019, 09:52:28 AM
 #3

So how come Gold hasn't died yet until now? The limited supplied implied here doesn't mean a sharp sloppy graph! It's a gradual process which could take centuries to happen.

Gold isn't really that limited, especially not when you look at how much paper Gold there is circulating.

Considering that most people don't mind going for convenience and buy paper Gold, it will gradually decrease the actual spot demand for Gold. Aside from it being a shiny metal and some people believe they have to own some physical Gold to be ready for a collapse of their fiat currency, there isn't much spot demand.

Gold's last 5 year gains are a little over 2%. You might think, great, it at least held its value, but when you factor in the loss in purchasing power due to inflation, things aren't as great as they might seem. I'm sure the picture would be different with way less paper Gold, but the situation is as it is. Not much that you can do about it.

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June 19, 2019, 10:24:13 AM
 #4

So how come Gold hasn't died yet until now? The limited supplied implied here doesn't mean a sharp sloppy graph! It's a gradual process which could take centuries to happen.

Gold isn't really that limited, especially not when you look at how much paper Gold there is circulating.

Considering that most people don't mind going for convenience and buy paper Gold, it will gradually decrease the actual spot demand for Gold. Aside from it being a shiny metal and some people believe they have to own some physical Gold to be ready for a collapse of their fiat currency, there isn't much spot demand.

Gold's last 5 year gains are a little over 2%. You might think, great, it at least held its value, but when you factor in the loss in purchasing power due to inflation, things aren't as great as they might seem. I'm sure the picture would be different with way less paper Gold, but the situation is as it is. Not much that you can do about it.
And some day we might even be getting Gold (and other precious metals) being mined in space and shipped back to earth, It is already a topic of discussion or a similar scenario with diamond which are increasing being perfectly made industrially. We trust bitcoin because the supply is something that is fixed by its core protocol
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June 19, 2019, 06:55:08 PM
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 #5

Sorry. I don't feel like watching a 30 minute video just to discover the topic of this thread.

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June 19, 2019, 10:08:36 PM
 #6

We trust bitcoin because the supply is something that is fixed by its core protocol

That too, but another important feature is transparency.

We, to the very satoshi, can verify how much of it is in circulation. With Gold you just have to rely on external sources without anything allowing you to verify how much of it is actually in circulation. People don't realize how important Bitcoin is, both in offering an alternative to our currently rotten financial and governmental system, and the transparency that it offers.

Also, people often focus too much on 1BTC thinking 21 million coins can't be enough for the whole world. You don't have to buy a whole coin. 1BTC = 100,000,000 satoshis, which as more time goes by, will gain more value and thus more importance. It's only a matter of time before we calculate in satoshis and stop thinking about 0.0xx BTC.

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June 20, 2019, 01:54:48 PM
 #7

Sorry I been up for 24hours and my thoughts are just off the top of my head. The stuff I am talking about is in the middle of the video

https://www.youtube.com/watch?v=494ki3Dz9pM

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June 21, 2019, 08:24:46 AM
 #8

Sorry I been up for 24hours and my thoughts are just off the top of my head. The stuff I am talking about is in the middle of the video

https://www.youtube.com/watch?v=494ki3Dz9pM
I'm sorry but you're getting it wrong, the way I see it, Bitcoin is not really limited like people think. Every single day there are lots of people buying and selling Bitcoin and it's never going to stop. And when the demand for it gets high the price will as well be high, which means that it reduces the amount that people are able to purchase with a particular amount. If you can buy 1 btc with $1 and there happens to be a high demand, then 1 btc will start selling at $2 and that means that you will no longer be able to get up to 1 btc with that amount and will have to opt for 0.5 btc. You see?
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