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

[plvbob0070]

I'm trying to figure out what do you want to express with that, but I can't just find the connection. If you could have just elaborated or explained that statement then maybe we can easily understand what you want to say.

Though some of your explanation quite make sense, I just think that's there are also differences between the two. Water is one of the primary things we need to live, bitcoin nor gold isn't. In today, bitcoin is like an alternative because we have our currency. Even our body consists of water but we can still live without bitcoin. Unlike water, bitcoin is limited. Water is also nature, bitcoin is not.

It would be better if you can justify it more. Because what j can see is that, even the other members are finding it hard to connect the two.

[bits4books]

And where is the link between btc and water? Technically, all water on the planet could be potable (sea / ocean water can be purified to the state of drinking) and not so limited in those scales in which btc or gold are limited.
If you look at the history of the gold was chosen as a currency / security because of its acceptable rarity, quite easy to process (gold is soft) well, it is just beautiful and shiny.
BTC is more like gold - in itself it does not carry any value as such it is just a contract between people that now you can buy/sell something for BTC and that BTC is now a currency that can become more expensive and cheaper.
The connection with water is still zero.

[Lorence.xD]

Bitcoin is not really a necessity, in my opinion bitcoin does not compare to water. Imagine that if we were stripped to our most primitive, do you think bitcoin will have a place in our survival? What I am getting at is the fact that there are things that will be left out at desperate times. When it comes to similarities the most obvious is that both is limited though technically different because seawater can be processed to become potable hence putting it on a paradoxical position and makes bitcoin limited and water unlimited but that is all that I can think of. Water is needed to sustain a function in human while bitcoin is not, if I understand what you are saying about the cloud thing, in a sense it is not really cloud that the bitcoin came from, it was just a technical jargon that has no connection to bitcoin.

[jentak]

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

gold and bitcoin have more common to share: they both are actually mined, that's why people evaluate them as we do now, both of them has almost no real life usage whatsoever (gold = luxury, bitcoin = profits, holdings, somehow transactions)
These are just from top of my mind, but Im pretty sure there are both in common between gold and bitcoin rather that bitcoin and water

[palle11]

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

Sorry I think your analysis is vain because you can't compare God's creation to what idea put together by human created by humans except you don't believe that there is a creator of the universe whom all glory is ascribed to.
The question to sum it up is if money can be in same level to water and the answer for me is no. Therefore, there is no comparison.

[pragna]

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

I could not understand what you said but how BTC and Water are same? We can not go without water as they save our life but we can stay without BTC in our life. We also keep water any place but BTC!! So if you say for Metaphorical meaning you please explain details.

thanks.

[chip1994]

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

no, I don't think it's that important. Gold is not too important, but it is a type of asset with physical value and can be used to create a certain machine. But for BTC, it still does not help our lives at all. All the bitcoins that you see are just on your computer screen, it has absolutely no physical value so making such a comparison is not reasonable.
Although BTC has a limited supply, I still support things with more real value. Gold is still one of the essentials in human life.

[mu_enrico]

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, ...

LOL, I appreciate your sense of imagination mate!

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.

Yep, just like the diamond (or should I use gold?) and water paradox, the value of something is related to the marginal utility, not total utility.
However, in this case (about Bitcoin), the marginal utility of "consuming" one unit of Bitcoin is more similar to gold than to water in most cases.

[Dollar_Hunter]

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

Why does Bitcoin have to be equated with water? that doesn't make sense, Bitcoin is digital gold or a substitute for gold in the future, I don't know your reason why it can be water, does it just flow? Bitcoin doesn't just flow in a  river  

[ifinta]

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:





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

Nourel Roubini is not stupid see that:
https://nourielroubini.com/


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://twitter.com/Tr0llyTr0llFace

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

It is an offtopic post here, but I answered it, in an other thread. Many THANKs for your opinions and questions...

AND SOME other thread for you "only" of course ...
https://bitcointalk.org/index.php?topic=5185579.msg52486244#msg52486244
https://bitcointalk.org/index.php?topic=5184975.msg53944426#msg53944426 ((this was my last opinion, but the TESTING of ETH2.0 running (!!!!!) with priority AND ETH will HAVE A HALVENING WITH IT!!!!))

[ifinta]

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.

Just take a look on the Mars. What we search on the Mars with a big priority? Why?

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, ...

LOL, I appreciate your sense of imagination mate!

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.

Yep, just like the diamond (or should I use gold?) and water paradox, the value of something is related to the marginal utility, not total utility.
However, in this case (about Bitcoin), the marginal utility of "consuming" one unit of Bitcoin is more similar to gold than to water in most cases.

Many THANKs for your opinion!

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

Sorry I think your analysis is vain because you can't compare God's creation to what idea put together by human created by humans except you don't believe that there is a creator of the universe whom all glory is ascribed to.
The question to sum it up is if money can be in same level to water and the answer for me is no. Therefore, there is no comparison.

You don't have a time - to read my posts carefully... I see. Please act, as YOUR God act - MUCH MORE PRECISELY.

to others... (I hope I covered with two post every question, opinions...):

We selecting as medium for our ECONOMY an another medium, as God selected to our standard economy, our LIFE ON THE EARTH. Is this useful? Why we don't accepts to pay with WATER (or tokenized WATER), if WATER is already the medium of God's economy? (Oceans - similar, but there is TWO other medium for LIFE: oxigene and without oxigene - the places for anaerob bacterias, with some methane and ...)

[Viscore]

We might see it differently but for me Bitcoin is not a basic needs like water or a necessity, at least not for now but as soon as the massive adoption will be realize, bitcoin will become a money that anyone can spend anywhere, and therefore its value will increase and would become a necessity for people, just like money, but it will not happen if we will not support bitcoin now.

[tbterryboy]

Lol I don't really see the correspondence between the water you have mentioned and Bitcoin. So, the sentence you made doesn't really make any sense to me.

If we are judging it that way, the same way water is in the cloud, that's the same way that you will find gold buried beneath the earth; gold doesn't just lay on top earth like you have described it. And another thing you have to know is that water is something that is physical and can be touched, but Bitcoin cannot be touched and is not physical like gold and fiat. There is no correspondence there at all. Let's just stop comparing and focus on more important things.

[imstillthebest]

i dont know what your trying to pinpoint on here but im still trying to understand your prahse by reading it many times  .

there is water on clouds  , so your saying there are bitcoin on clouds too  ?  and clouds means bitcoin is going to rise high  ?   .  gold is the one that is part of the nature but bitcoin is just man made and only existed online .  however gold is known to be burried on the ground but  gold can rise high too in terms of value 

[Lizzylove1]

So if bitcoin is liken to water in the sky, it means water is much more in great demand here on earth and without which we our society can certianly do nothing. This implies bitcoin is much more important than gold. Well bitcoin and gold are both good form of investment but bitcoin has a better ROI and it's easier to start trading than a regulated market like gold.

[wozzek23]

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

There is water in the clouds but it still falls as rain and water is not only in the clouds, it's also in the seas, oceans, rivers and can easily be seen and felt almost everywhere. You can switch the tap on your sink and water will start running immediately.

So, there is no way that Bitcoin matches with the explanation you have made here. Gold is different from Bitcoin and they are not meant to be the same. In the case of Bitcoin and some cryptocurrencies, it's just mathematics and is up to the community to believe in it. When we believe in it, then it has value.

[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.

Just take a look on the Mars. What we search on the Mars with a big priority? Why?

We search for water in order to see if there could be life there.
Humans can live without gold and of course without Bitcoin so the similarity is not valid.
It is not something that if you don't have - you can't live.

[coolcoinz]

Water falls from the sky and can be caught by spreading a tarp or putting out a pot... Does that mean Bitcoin can be easily obtained and collected? No.
Water is essential but extremely cheap compared to other resources. Bitcoin is the opposite: non-essential and expensive.
Also, all the water in the world has some piss in it, since all of it is being recycled for millions of years in a closed cycle.

[Genemind]

I think we can't compare Bitcoin with water. Water is a necessity and no one can't live without it but it's free and we can find it everywhere. Its demand is high and continuous yet the supply is also unlimited. Bitcoin has a value, we need it but we can also live without it since fiat is still existing. The demand is high but the supply is also limited. Water is one of our major necessities, unlike Bitcoin and gold.

[Argoo]

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).

Gold will also retain its value, as well as many centuries and millennia before. Regarding water, then it was never useless. This can be confirmed by people with a hot climate. But in the future, taking into account global warming and climate change, the cost of fresh water will constantly rise in price. Glaciers melt and mix with the salt water of the oceans. In lakes and rivers, the water dries up. This trend will continue. Therefore, fresh water will be of great value.
As for bitcoin, so far no one can say for sure about its future. We can only hope that his future will be beautiful.