The end game of bitcoin and gold

[TimeBits]

https://www.youtube.com/watch?v=Y7TLFyK_3Pk - Government, Bitcoin/Gold Limited Supply Problem, P2P Exchanges and Solutions!

Come watch some WC3, What happens when my gold mine or my enemy's gold mine gets mined out? Live https://www.youtube.com/user/BROtateTOE 

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[BQ]

funny channel you got there and very strange thread you got here..

[Leh-Meh]

What happens when we waste all the gold for war, how will we reach the next planet?

2,000,000 Gold bars stored at one BIG vault. Each gold bar weighs 10 kilos

See Video: https://dangerousmother.com

How much gold is there in the world 

[TimeBits]

What happens when we waste all the gold for war, how will we reach the next planet?

2,000,000 Gold bars stored at one BIG vault. Each gold bar weighs 10 kilos

See Video: https://dangerousmother.com

How much gold is there in the world  

Woah this is kind of a old post not sure why you went back this far but anyways, So if you take all of the worlds gold at the current market rate, is it impossible to pay back one country`s debt is what you are saying.
They guy says in the video it could fit under the Eiffel tower in one big block "all of the worlds gold that has been mined" https://www.youtube.com/watch?v=CTtf5s2HFkA At the end of the video they say 1/3rd by 1/3rd of the Eiffel tower base.

I guess we really gata save gold for the future.

[Leh-Meh]

Woah this is kind of a old post not sure why you went back this far but anyways, So if you take all of the worlds gold at the current market rate, is it impossible to pay back one country`s debt is what you are saying.

your thread title "The end game of bitcoin and gold" got my attention. See my post above. Look at all the GOLD there.

[TimeBits]

Woah this is kind of a old post not sure why you went back this far but anyways, So if you take all of the worlds gold at the current market rate, is it impossible to pay back one country`s debt is what you are saying.

your thread title "The end game of bitcoin and gold" got my attention. See my post above. Look at all the GOLD there.

I don`t think you understand, That is not a lot of gold by any means, It could fit in a few car parking spaces and they say that is all of the gold mined currently that would take up that much room.

Think of how much Gold I have just on my ram sticks on my computer.

[Leh-Meh]

I don`t think you understand, That is not a lot of gold by any means, It could fit in a few car parking spaces and they say that is all of the gold mined currently that would take up that much room.

When Gold price goes up +10%, that means some $3,000,000,000,000 got invested in Gold.   

[taratorly]

I still see meaningless comparisons of gold and bitcoin. The only thing they are similar to is the valuation against the USD. I don't think you should look for a similarity between gold-bitcoin anymore. Two very different things!

[TimeBits]

I don`t think you understand, That is not a lot of gold by any means, It could fit in a few car parking spaces and they say that is all of the gold mined currently that would take up that much room.

When Gold price goes up +10%, that means some $3,000,000,000,000 got invested in Gold.   

This does not make the amount of gold existence go up.

[Leh-Meh]

This does not make the amount of gold existence go up.

That shows how much Gold is there in the world as safest investments and safe haven for worldwide people.

[TimeBits]

This does not make the amount of gold existence go up.

That shows how much Gold is there in the world as safest investments and safe haven for worldwide people.

Your gold is useless in a disaster, power outage, tidal wave, hurricane good luck with that. You would of had a better chance being on a different planet when the asteroid hits. To bad you used all the gold as a money supply.

[Leh-Meh]

Your gold is useless in a disaster, power outage, tidal wave, hurricane good luck with that. You would of had a better chance being on a different planet when the asteroid hits. To bad you used all the gold as a money supply.

The website I posted above has all the information for gold and Silver. Read it. When a good websites gets posted in forum, people must read it instead of asking questions.

[TimeBits]

Your gold is useless in a disaster, power outage, tidal wave, hurricane good luck with that. You would of had a better chance being on a different planet when the asteroid hits. To bad you used all the gold as a money supply.

The website I posted above has all the information for gold and Silver. Read it. When a good websites gets posted in forum, people must read it instead of asking questions.

I don`t have any questions I read it, seen almost all the videos before I understand Gold was used as money before. I understand there is not much gold on this planet (what that guy say like 3-4 transport trucks worth?). I understand that we can`t really go back to gold, it is not going to work. I understand that gold is a metal not a investment or currency it is a good, a rare good that we need to be very very careful with.
I understand my species will need that gold in order to inhabit other planets until we can find more out there. If you watch the video I linked in the OP I explain what happens when we use a limited supply like gold or bitcoin in the future and show a simulation of what happens.

In another game called warcraft 3, there is gold mines, when you and your opponent both run out of gold and units, you are check mated into a draw, that draw is us check mating ourselves into a solar system. The same thing in starcraft, you and your opponent run out of minerals and gas without being able to make more units, you are check mated. STUCK

https://bitcointalk.org/index.php?topic=5141142.msg51074861#msg51074861

[davis196]

I don`t think you understand, That is not a lot of gold by any means, It could fit in a few car parking spaces and they say that is all of the gold mined currently that would take up that much room.

When Gold price goes up +10%, that means some $3,000,000,000,000 got invested in Gold.   

AFAIK the the gold market cap is around 7 trillion USD,so if another 3 trillion got invested in gold,the price won't increase by just 10%.

[Kakmakr]

I do not agree when we run out of precious metals that this would lead to mass killings like he said. People will just move to the next mineral or goods that has a limited supply. <This can be sea shells or marbles for that matter> 

We also see when something of a limited supply gets exhausted, people are motivated to find a replacement or a alternative for that mineral, so it actually increase innovation. 

Water is the only resource that cannot be substituted by something else. 

[TimeBits]

I do not agree when we run out of precious metals that this would lead to mass killings like he said. People will just move to the next mineral or goods that has a limited supply. <This can be sea shells or marbles for that matter>  

We also see when something of a limited supply gets exhausted, people are motivated to find a replacement or a alternative for that mineral, so it actually increase innovation.  

Water is the only resource that cannot be substituted by something else.  

Do you know how many people died collecting gold from others collecting gold and will still die? sure we can still move on to something, like fiat 

[Astvile]

I don`t think you understand, That is not a lot of gold by any means, It could fit in a few car parking spaces and they say that is all of the gold mined currently that would take up that much room.

When Gold price goes up +10%, that means some $3,000,000,000,000 got invested in Gold.   

AFAIK the the gold market cap is around 7 trillion USD,so if another 3 trillion got invested in gold,the price won't increase by just 10%.

3 trillion is huge ,if 3 trillion would be place laderize in each price milestone 10% price increase will be small,bigger price increase should be expected.

[Ioann11]

Profile experts compared Bitcoin with gold, and said that Bitcoin can be compared with gold, and in some aspects it could be better. Gold has been valued for hundreds of years. However, the era of Bitcoin has come and gold has a clear competitor. Bitcoin is much more practical and functional than gold. Whoever kept their wealth in gold will wish to switch to Bitcoin.
This is my opinion and not only ........

[Artemis3]

There is a chance, that someone may someday find more gold in space (or ways to synthesize it), while bitcoin is set for 21 million.

Truth be told gold can have an actual physical use, but because of its value it has been mostily relegated to vaults, market speculation and some jewelry.

Last examples i could think of, would be processor pins and CDR blank media (The original cyanine gold/green Taiyo Yuden formula, as written in orange book III). That was probably the last time i had actual gold in my hands for a practical non frivolous use.

Bitcoin can never be touched, ever.

[Linkkoin]

There is a chance, that someone may someday find more gold in space (or ways to synthesize it), while bitcoin is set for 21 million.

Truth be told gold can have an actual physical use, but because of its value it has been mostily relegated to vaults, market speculation and some jewelry.

Last examples i could think of, would be processor pins and CDR blank media (The original cyanine gold/green Taiyo Yuden formula, as written in orange book III). That was probably the last time i had actual gold in my hands for a practical non frivolous use.

We already found gold in space, but we do not know how to capture asteroids with gold and mine in space. The asteroid Psyche 16, with an orbit between Mars and Jupiter, contains gold worth ca. 700 quintillions US dollars (of the current value of course, if we were able to mine it easily, the gold price would have collapsed).

And if you have headphones, there is a chance, that the jack is covered with a thin layer of gold.