TIME > FIAT / BITCOIN > GOLD

[SaltySpitoon]

.... why is gold worse than fiat/btc?

Because it's not easily divisible, and that limits trade severely.

Because fraud is easy, and it's massive.

Because it's a physical asset, and that's not so easy to move around, through airports and borders.

Because it's dangerous, robbers like to rob.

There are plenty of divisible forms of gold, at least down to the 1 grain increment. larger quantities like 1 Oz are just more common because they are cheaper to manufacture. Fraud exists, but its also pretty easy to detect with a handful of easy to do tests which you can verify with some slightly more involved at home tests. Most fake gold you'll find will be slabbed in plastic, and the way that sellers get away with it is that the buyer doesn't want to open the plastic. As far as transportation goes, a US Fiat bill weighs about 1 gram. 1 Kilogram of $20 bills is roughly $20,000 and 0.0113 cubic meters. 1 Kilogram of gold is roughly $42760 and 0.000052 cubic meters.

Robbers robbing applies in both situations.

I'm not following, the basis for currency (simplified version) is already time. We are constantly reevaluating how much a person's time is worth, and they are paid based on that. There is nothing wrong with fiat for immediate payments, its just not a reliable store of wealth. It doesn't matter how much you distrust fiat as long as you are handing it off to someone else and getting something you want in exchange, the goal is just not to be the bag holder should the common suspicion here that it isn't trustworthy be correct. If you get your paycheck, pay your housing/utilities/food etc but don't hold onto fiat long term.

I'm cool with the whole barter community, but sometimes its hard to get Amazon to accept my carrots in exchange for solar cells. On a side note, why is gold worse than fiat/btc?

You trade timecoins for carrots or timecoins for solar cells, or vise versa sell them.

Gold is heavy, clunky, hard to send overseas in a few seconds or even to another planet if we get that far.
Gold is needed for computers, computers will be needed in space, if we use gold instead of bitcoin we will not get off this earth. We need gold as a resource a metal.
You can`t travel around with gold on your cellphone like bitcoin.
Gold can be robbed from you, bitcoin you can just not give out your password.

You want a good store of value buy land, the house I am living in sold for $10,000 when my aunt bought it, it is now worth 1.5 million.
Buy land and gold for store of value buy it with bitcoin or timecoins.

now fiat is worse than time because it is slavery.

Cryptocurrency has gold hands down in ability to transact over long distances quickly, but cryptocurrencies are also substantially more unstable. I'm not anti cryptocurrency in the slightest, I just think its a good idea to diversify across sure things and higher risk investments. Gold being needed for global industry is one of the reasons it can't increase/decrease in value by 10% in a single day like cryptos are prone to. No one wants to decide that they have X amount of currency to spend on groceries today, drive to the store, and when checking out find out that its X+- 10%. I dont find cryptos to be fantastic currencies, rather just very liquid commodities. The major thing that I don't get is how do you expect Bitcoin to be useful without access to secure internet and electricity? I don't need to talk about any crazy scenarios, just a storm that knocks out power can cut you off from your money.

The whole, my Bitcoins are super secure because I've got an unbreakable 47 character password utilizing characters from dead languages etc makes it a nice way to keep people from stumbling across it and taking your BTC, but in a robbery situation, a robber can just beat you until you give up the password. I'm also on board with land investment, its probably another decent way to diversify.

[TimeBits]

I'm also on board with land investment, its probably another decent way to diversify.

https://www.cnn.com/travel/article/hong-kong-parking-space-intl/index.html
Yah probably not a bad idea.

Remember my aunt bought her house for 10k, it is 1.5 million now.

Farm/country land for long.
City/waterfront for short.

Inland is a lot more safer anyways and you get way more land for the price because no one wants it (yet) (long)
but if you want to make money in the short, look around developing city`s for sky skyscrapers being built and buy a property 1-2 blocks away it will get developed soon and they will pay you a arm and leg for the block. (short)

[KingScorpio]

rare earths could likely be the gold of tomorrow.

[TimeBits]

rare earths could likely be the gold of tomorrow.

Time could be the fiat of tomorrow, it is already today.
https://community.timebanks.org/

[TimeBits]

“Basic Income is not a utopia, it’s a practical business plan for the next step of the human journey" – Jeremy Rifkin  http://www.bitswift.cash quote of the day.

WHY WOULD YOU NOT WANT TO LIVE IN A UTOPIA ANYWAYS! IT IS ANOTHER WORD FOR BLISS IF IT IS REAL

bliss
perfect happiness; great joy.

utopia
an imagined place or state of things in which everything is perfect.

Who does not want to live in paradise? give me a break, people always say that, you just want to live in a utopia.... well no shit I do, and I sure hope you do to.

[TimeBits]

This post will lead to the creation 8.8 billion jobs and future for everyone and stop enslavement word world wide, stop tampering with it. It gives your kids or friends kids a future to live in.  

Why don`t you just delete it again for the 4th or 5th time like you normally do and not give me a notification, hide in the back of the forum, this is a bitcoin, economy, politics and society discussion. It has nothing to do with any marketplace. I am not selling anything but freedom for free.

[TimeBits]

This is just the start, wait it gets better.

"Speak not because it is safe, but because it is right."
― Edward Snowden

“This is slavery, not to speak one's thought.”
― Euripides, The Phoenician Women

“If liberty means anything at all, it means the right to tell people what they do not want to hear.”
― George Orwell

“I may not agree with you, but I will defend to the death your right to make an ass of yourself.”
― Oscar Wilde

“Censorship is to art as lynching is to justice.”
― Henry Louis Gates Jr

“If freedom of speech is taken away, then dumb and silent we may be led, like sheep to the slaughter.”
― George Washington

“1. Everyone is entitled to their opinion about the things they read (or watch, or listen to, or taste, or whatever). They’re also entitled to express them online.
2. Sometimes those opinions will be ones you don’t like.
3. Sometimes those opinions won’t be very nice.
4. The people expressing those may be (but are not always) assholes.
5. However, if your solution to this “problem” is to vex, annoy, threaten or harrass them, you are almost certainly a bigger asshole.  (not part of the quote - yes I am sometimes, I am not proud of it, I regret all of my actions of this sort, Imagine how you would act if you had constant swords being shoved into your spine, I know it is no excuse I am a asshole, I need to stop being one, I rather be a dick and fuck pussys and assholes)
6. You may also be twelve.
7. You are not responsible for anyone else’s actions or karma, but you are responsible for your own.
8. So leave them alone and go about your own life."
― John Scalzi

Now for the love of everything MODS of this forum, please stop removing my post and moving it and tampering with it, please and thank you. 5+ years you censor me? why?

“Those who make conversations impossible, make escalation inevitable.”
― Stefan Molyneux

[Mike Mayor]

rare earths could likely be the gold of tomorrow.

Time could be the fiat of tomorrow, it is already today.
https://community.timebanks.org/

Time has always meant money throughout the ages though. Rare earths? You mean metals? That is what gold is. I wonder why people talk about gold but not diamonds?

[TimeBits]

rare earths could likely be the gold of tomorrow.

Time could be the fiat of tomorrow, it is already today.
https://community.timebanks.org/

Time has always meant money throughout the ages though. Rare earths? You mean metals? That is what gold is. I wonder why people talk about gold but not diamonds?

Diamonds will be used in the future with this system https://www.youtube.com/watch?v=TlSCl-mjAYg

Gold is a good if not the best conductor of electricity that does not corrode. (well it does if you got some mercury)
Diamonds are a good conductor of heat that does not corrode.

Also gold was used as the money supply before that is why, until Mr.Nixon the guy that called those doods on the moon, Mr. Nixon in 1971 stopped backing the world`s reserve dollar with it. The same guy that came after JFK, well there was a VP put in for a bit.

[TimeBits]

Time has always meant money throughout the ages though. Rare earths? You mean metals? That is what gold is. I wonder why people talk about gold but not diamonds?

You right, Time is money, I work for a certain amount of time, I should get paid a certain amount of time!

"but my time is worth more than buddy over there"

I can pay 1 employee 10 unnamedcoins an hour, I can pay another employee 20 unnamed coins an hour

I can sell you a good chair for 5 unnamedcoins
I can sell you a bad chair for 2 unnamedcoins

[SaltySpitoon]

Time has always meant money throughout the ages though. Rare earths? You mean metals? That is what gold is. I wonder why people talk about gold but not diamonds?

Diamonds have value because a handful of companies own all of the world's diamond mining and have created artificial scarcity. The value of diamonds is enormously inflated compared to the rarity and effort that goes into producing them. Gold isn't a rare earth metal by the way, I think the name rare earth just comes from the fact that they aren't found in deposits, rather than their actual rarity.

Diamonds will be used in the future with this system https://www.youtube.com/watch?v=TlSCl-mjAYg

Gold is a good if not the best conductor of electricity that does not corrode. (well it does if you got some mercury)
Diamonds are a good conductor of heat that does not corrode.

Also gold was used as the money supply before that is why, until Mr.Nixon the guy that called those doods on the moon, Mr. Nixon in 1971 stopped backing the world`s reserve dollar with it. The same guy that came after JFK, well there was a VP put in for a bit.

Diamonds don't hold up to heat very well, copper is probably better for any heat applications.

Keep an eye on helium if you are looking for a long term industry based resource to invest in.

[TimeBits]

https://www.youtube.com/watch?v=bowyBKPt15U  Now everyone making their own dough, they already do, with time.

[FanEagle]

I don't understand why people care about time that much, I have way too much time in my hands and I do not even want it, I am not a guy who likes to "enjoy life" like the ones that go out party, go to places to spend well time or go to great vacations in hidden places where not that many tourists go or hiking or any other hobby.

Basically, I do not do anything that I am "suppose" to do to enjoy time even when I have all this time. I surf on reddit, watch couple of netflix shows, read books and that is about it, I could spend extra 6 hours of my life on working every day but I do not have work to do so I spend all of it for empty stuff that will not be really remembered in one year, so to me bitcoin worth a lot more than my time, if I had any work, no matter how boring it is that paid me even very small amount of money I would have taken it.

[davis196]

I don't understand why people care about time that much, I have way too much time in my hands and I do not even want it, I am not a guy who likes to "enjoy life" like the ones that go out party, go to places to spend well time or go to great vacations in hidden places where not that many tourists go or hiking or any other hobby.

Basically, I do not do anything that I am "suppose" to do to enjoy time even when I have all this time. I surf on reddit, watch couple of netflix shows, read books and that is about it, I could spend extra 6 hours of my life on working every day but I do not have work to do so I spend all of it for empty stuff that will not be really remembered in one year, so to me bitcoin worth a lot more than my time, if I had any work, no matter how boring it is that paid me even very small amount of money I would have taken it.

When you get old,you will eventually understand that wasting your time is wrong.
By the way,that bitswift website kinda looks like cloud mining for me.I can't understand the concept behind it.

[TimeBits]

I don't understand why people care about time that much, I have way too much time in my hands and I do not even want it, I am not a guy who likes to "enjoy life" like the ones that go out party, go to places to spend well time or go to great vacations in hidden places where not that many tourists go or hiking or any other hobby.

Basically, I do not do anything that I am "suppose" to do to enjoy time even when I have all this time. I surf on reddit, watch couple of netflix shows, read books and that is about it, I could spend extra 6 hours of my life on working every day but I do not have work to do so I spend all of it for empty stuff that will not be really remembered in one year, so to me bitcoin worth a lot more than my time, if I had any work, no matter how boring it is that paid me even very small amount of money I would have taken it.

When you get old,you will eventually understand that wasting your time is wrong.
By the way,that bitswift website kinda looks like cloud mining for me.I can't understand the concept behind it.

step one go to www.bitswift.cash
step two create a account (verify with phone to earn a lot more)
step three click claim Cash then click on item mine and claim Bitswift,Canada eCoin, SLS and Ignis for free.

Congrats you earning 5 types of crypto for free

Cash is duration coins(time coins), a supply everyone makes over time at the same rate. So rather 1 person making the supply everyone does.

[ChinaBitcoinB]

The governments charge you interest on your work, They spend it like this.

http://nymag.com/intelligencer/2019/05/taxpayer-tab-for-trump-golf-trips-tops-usd100-million-report.html

You need to be the government, with 100 million I could have all of my working class people fed for life for free in my nation. They could all have homes for life! also food and water.

This is a amazing idea instead of measuring fiat as the medium of exchange, people would measure time? That way they become no long slaves and dependent on the governments and bankers at the same time.

I can only see a Win - Win here.

We can get rid of the two greatest evils in the world at the same time.