Just a remark about Bitcoin, Gold and Water...

[ifinta]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

[1715018437]

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[1715018437]

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[1715018437]

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[jackg]

Well the gold often mentioned is more "shiny stuff" that lay around the surface imo, just if someone else considered it valuable.

Gold in the ancient times was on the surface of the earth and in caves... But for obvious reasons it isnt anymore. Howvere, I don't think gold has much of a purpose anymore (don't think it can do much platinum can't).

Water is also kinda worthless so the anology doesn't really follow I don't think... Most of western europe have springs and lakes that carry drinkable water (not sure about the rest of the world).

[Jating]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

I don't know what you are trying to drive out, but there are no similarities whatsoever.

Isn't it water is abundant and it is 'natural'? While bitcoin is man-made and has limited supply. So I think you got your analogy wrong in the beginning.

[fiulpro]

I do think it would help you elaborate the remark because everyone have their own opinions about how we could connect them but , more or so I do think water is not something that we can compare Bitcoins with , you cannot go outside and get some Bitcoins from the nearby Bitcoin lake and still use it 😂 .
Funny thing aside I do think it is more comparable to gold as being a store of Value which does increase and decrease with respect to time and comes with a limited supply , needs to be mined ( way differently ) but is more volatile.

[ifinta]

Water can be cheap - if it is much more, as we need, but if it isn't there, where we living, it can be very expensive also.
About clouds. Yes BOTH are stored in clouds - and BOTH has a limited amount in our Globe.
The price of the water can dramatically change also, as Bitcoin.
BOTH has some connection to the laundry...
BOTH can be stored in cold reservoirs... In cold wallets or in the Antarctica...
BOTH are well transparent, BOTH can be used anonymously, BOTH are used through whales, BOTH can be colored, ...
...
I hope this is a little more information. But any other opinions?

[Dart18]

Kind of difficult to connect it that way?
Is that a figure of speech? 
How did you end up going there?
There is a lot to compare it with but I never once thought about "water".

How about data? It is the new gold of this age.
Internet is all over the world and so does bitcoin.

[ifinta]

Kind of difficult to connect it that way?
Is that a figure of speech? 
How did you end up going there?
There is a lot to compare it with but I never once thought about "water".

How about data? It is the new gold of this age.
Internet is all over the world and so does bitcoin.

About data?
https://en.wikipedia.org/wiki/Water_memory
And think an ICE. It can retain its 3D figure. It means for me also - the ICE, the water can REMEMBER - Check a path in the forest after snow...

And, if you have children - this movie is a MUST. Or?
https://www.youtube.com/watch?v=Zi4LMpSDccc

[davis196]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

Is this a joke?Sounds really stupid to me.
In the economy,rare things are considered valuable.Gold and diamonds are rare(their mining is expensive),therefore they are valuable.
Water isn't rare,it's very accessible,therefore it's cheap.
I don't get your metaphor.What do you mean by "water in the clouds not gold"?

[iv4n]

Remark about Bitcoin, gold and water should be different. All of them have a value, but only water is a source of life! We can live without gold and bitcoins, and many other things, but without water, clean water we can't! This is a good time to remind about famous quote from Oscar Wild: "“The cynic knows the price of everything and the value of nothing.” I think I don't need to say more about it, quote speaks for itself and majority of global population! When people learn how to value things around us we will see better days for all!

[ifinta]

Good. bitcointalk.org (and Bitcoin) remained international. It is well made. Me likes, if we seeing our World different. The children have then more possibilities! Many thanks!

[abhiseshakana]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

70% of the earth consists of water, how can it be analogous to bitcoin in a limited amount. Water is the most important source of natural wealth, valuable and has enormous utility and benefits for all living things. All living things are composed of water. So, the joints of human life, animals, and plants are water. Water is the only intermediary that contains minerals and food substances needed by living things. If it were not for water, surely there would be no life on the surface of the earth. All elements on the surface of the earth, whether in the form of solid, liquid, or gas (steam), are subject to the law of "expanding due to heat and contracting due to cold", except water.

Our economy can live without bitcoin and without gold, but we will not live without water. In other words, without water, there will be no economy because there is no life.

[Febo]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

Gold was used as money not because it was so useful but because it was so rare and hard to get. Bitcoin is money it is not a food or something.

[Averim]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

There is all kind of water but you are right, need for bitcoin is similar with thirst for water.

[FanEagle]

Water is something that we can have endless amount of, there is no limit on water and the world creates more and more of it every single day, so it is not really 21 million limit like bitcoin. Whereas gold has a limit, do we still mine and find gold time to time?

Sure we do, there are still gold miners out there, however that doesn't mean that we have unlimited amount of that, eventually gold will dry out and we will no longer have gold, that is why most people actually even recycle old stuff with gold in it to get the optimum amount of gold in the active market. Long story short water is unlimited and needed to survive on a planet, without water you will die, gold is not needed but valuable anyway and limited, bitcoin is like gold in every aspect of the word.

[Sanugarid]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

I don't know what you are trying to drive out, but there are no similarities whatsoever.

I can't clearly understand what he is trying to imply with those sentences lol. I can't find any relation to any of the variables given, bitcoin, water, and gold.

Isn't it water is abundant and it is 'natural'? While bitcoin is man-made and has limited supply. So I think you got your analogy wrong in the beginning.

Water is coming from natural resources we have, unlike bitcoin that follows a protocol and has a limited supply, gold that has been for ages and valued expensively. What's with the comparison between these? arrggh

[mindrust]

Clean water is more important than both imo. Without water our body can't function.

We can use some other crypto (monero, ltc, etc.) instead of bitcoin or use some other metal (silver, platinum etc.) instead of gold but there is no replacement for water. None. Orange juice, beer, vodka, gatorade, piss none of them can replace water. It is the one and the only that your body needs.

[palle11]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

There is all kind of water but you are right, need for bitcoin is similar with thirst for water.

Water to nature is just like comparison of the benefit of water to the world and I think that is different from the comparison made of bitcoin because bitcoin is trying to fit in as optional payment system. Before bitcoin, there are other and many means of financial payment system but water has been in the beginning even at the time of creation.

In fact, I read in the bible that the world surface was covered with water before creation 

[ifinta]

...
Water is coming from natural resources we have, unlike bitcoin that follows a protocol and has a limited supply, gold that has been for ages and valued expensively. What's with the comparison between these? arrggh

...
In fact, I read in the bible that the world surface was covered with water before creation  

The fresh water on our Earth is constrained, but not zero at this time also luckily...

A.)
https://en.wikipedia.org/wiki/Hydrosphere
"... only 0.3% of the fresh water on Earth is in easily accessible lakes, reservoirs and river systems."

In the clouds (https://en.wikipedia.org/wiki/Water_vapor ) stored only at any given time, about 20,000,000,000,000 tonnes (for practical purposes, 1 cubic meter of water weighs one tonne)

It means 952,381 tonnes water ~ 1,000,000 tonnes (in the clouds) pro one Bitcoin

B.)
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html (the data is from 2017...)

"the stock of broad money" ~ $95,697,951,100,000

If we use water in the clouds as circulating medium, and we solve with it our broad money:

$95,697,951,100,000 ~
 20,000,000,000,000 tonnes water in the clouds



then

1 tonnes (1 m3 water) ~ $5 (( of course with free transfer to your home with the help of our thin air and our sun without minerals and purification... ))

we become a Bitcoin value of ~5,000,000 dollars or ~1,000,000 tonnes water. It means one m3 water in the cloud has 5x MORE value as one dollar... => the rarity of the water in the clouds more as the rarity of our broad money ...

c.)
What amount of water we need in a year?

https://www.southwestwater.co.uk/frequently-asked-questions/saving-water/how-much-water-does-an-average-person-use/

I take a family, which needs 100 m3 = 100 tonnes water

with one Bitcoin we can pay the water for 10,000 families for a year... ((35 000 person))

D.)
world population ~ 7,594,000,000,000 people

TODAY's traded volume (source https://coinmarketcap.com at this time) for all crypto's:
120,193,426,462 dollars and 7,079 dollars pro bitcoin actual price = 16,978,870 BTC traded volumen

Pro day we needs then 594,442 bitcoins to pay ONLY for the daily water bill for the world population...

(( ~3,5 % of the TODAY traded crypto volumen only for the daily water bill if we get the water without any minerals and with no purification and the whole amount from the cloud can we use daily - I know it is a very low estimation for our water bill - without the needs of plants, animals, industry, ... as usual, shamefully and bitcoin reaches the price (better -> not price, but VALUE = to produce 1,000,000 tonnes freshwater (i.e from the clouds...)), what was estimated in the paragraph B.) ))

[ispurispu]

Hello it is a good question.

Made the BTC the government and make the control with USDT? Is it the new digital dollar? The Tether?
There is a Covid-19 crisis in 2020 before the btc halved. hm  

I think so, that these some screenshots tell something:

https://ibb.co/9tgTKPP

https://ibb.co/rbBt4YX

Perhaps Tr0llyTr0llFace says something with this:
https://threadreaderapp.com/thread/1256653632843460609.html

Nourel Roubini is not stupid see that:
https://nourielroubini.com/
https://ibb.co/6B4RFTz

Yeah crypto is not sure! But he says :

"Nouriel Roubini@Nouriel·1h
Brilliant thread by @Tr0llyTr0llFace on what is backing Tether. Highly recommended and worth reading"

https://www.bloomberg.com/news/videos/2020-03-11/roubini-warns-about-a-looming-credit-crisis-and-global-recession-video

What is your opinion about this ?
Perhaps BTC will be the solution with the USDT because of it is not decentralised.
Tether controls Bitcoin

https://ibb.co/cNqvdqN
https://twitter.com/Tr0llyTr0llFace

The only question. Will do the BTC a bear period before the halving ?  
  
What is your opinion??  

[Naida_BR]

I think, Bitcoin is similar to WATER. In the Nature, there is water in the clouds, not gold
Any opinions?

It is really hard for me to understand this correlation.
Water can be used and found by anyone around the world, while Gold is scarce giving this characteristic to Bitcoin as well as it is not so easy to be found and the supply is limited.