Bitcoin or Gold? What would you pick?

[gbooz]

apples or oranges? I think this is question of taste. On the other hand, imagine situation when internet is turned off...

[desired_username]

No its quite simple.   Can it be done as simply as bitcoin, or cash actually yes if its in coin form.    Gold has a fixed weight and a coin fixed dimensions so you have two elements of the equation to prove absolutely you have your gold there.   What they used to do (obviously we stopped using coins of actual worth) is use fixed scales.  So you put a gold coin into a set trap, it will only fit this coin regulated dimensions and then it has to equal perfectly the weight.   Gold is a unique element so its really not possible to fake both weight and dimensions, so this quick test works and yes gold has worth as a transactional secure monetary thing!

To make sure you have authentic gold, you have to use dangerous acids and drill the material too.

Alternatively you have to buy expensive gold testing equipment.

Mind, I do value gold and other metals (that's why I have some), but it is useless unless there is a catastrophe rendering infrastructure not functioning.

Considering that the internet is the most efficient way of transferring information and a cornerstone of freedom, I expect that it will be resored as soon as possible after the shit hits the fan.

[tee-rex]

No its quite simple.   Can it be done as simply as bitcoin, or cash actually yes if its in coin form.    Gold has a fixed weight and a coin fixed dimensions so you have two elements of the equation to prove absolutely you have your gold there.   What they used to do (obviously we stopped using coins of actual worth) is use fixed scales.  So you put a gold coin into a set trap, it will only fit this coin regulated dimensions and then it has to equal perfectly the weight.   Gold is a unique element so its really not possible to fake both weight and dimensions, so this quick test works and yes gold has worth as a transactional secure monetary thing!

To make sure you have authentic gold, you have to use dangerous acids and drill the material too.

Alternatively you have to buy expensive gold testing equipment.

Or you could just use the plain ol' Archimedes' principle. And yes, I know that tungsten has almost the same density as gold, but not as good electric conductivity (mildly speaking). So no need for drilling or dangerous acids.

[CryptInvest]

Bitcoin course. Easier to store and quickly grows in value. Furthermore, the present gold bullion in Russia can only be bought through savings bank and the gold price will be too high. Other banks predlatayut metal accounts, and it's nonsense.

[tee-rex]

Bitcoin course. Easier to store and quickly grows in value. Furthermore, the present gold bullion in Russia can only be bought through savings bank and the gold price will be too high. Other banks predlatayut offer metal accounts, and it's nonsense.

You could as well register at the local broker and buy paper gold on the exchange (that is cash-settled gold futures and options). If you're lucky, you could even earn money!

[gbooz]

You know, it is sometimes sounds like in the fairytale "The Emperor's New Clothes".

[gbooz]

Just some interesting info. In October 2013, GLB, a China-based boiler-room exchange with about 1,000 customers suddenly closed down leaving investors with $4 to $5 million in losses. During the flash crash on November 12th on the Mt. Gox BTCe exchange, it only took a single 6,000 block trade to knock Bitcoin prices down to $102.  It was an 80-percent drop in a matter of seconds before moving back up to about $600.  Yet the customer who sold that block did not receive timely and fair trade execution. Over the two weeks Mt. Gox held investors hostage, snubbing their concerns and denying them access to their funds.  Then it moved offices and shut down their website.





   

[STT]

Or you could just use the plain ol' Archimedes' principle. And yes, I know that tungsten has almost the same density as gold, but not as good electric conductivity (mildly speaking). So no need for drilling or dangerous acids.

Theres a 6.6% difference between the two elements and that is enough to sort one from the other without breaking the coin.  Bars need more attention but if you walk round with 1 kilo bars, I presume you have 'people' to expertise this


Here you go, pretty darn simple and immediate way to verify your cash.  Watch this demo of coin scales, etc - http://www.youtube.com/watch?v=OgRuVRL00M8

Now compare that to dollar fiat and all this QE scheme, nobody is really clear on whats going on or certainly not in an immediate way can we say yes obviously this is a rip off and theft.  So fiat is a scamable entity

Bitcoin is more debatable.  My main argument is they need to make it foolproof.   Dont be elitist and say well the encryption is unbreakable because people havent a clue about that, they just see Mt Gox and other scams and see greater fraud then even happens in dollars.
My personal view is bitcoin is more secure then gold however thats as a unit to carry/use.   Im less certain of the value longterm exactly except it does seem very usable and useful

[tee-rex]

Or you could just use the plain ol' Archimedes' principle. And yes, I know that tungsten has almost the same density as gold, but not as good electric conductivity (mildly speaking). So no need for drilling or dangerous acids.

Theres a 6.6% difference between the two elements and that is enough to sort one from the other without breaking the coin.  Bars need more attention but if you walk round with 1 kilo bars, I presume you have 'people' to expertise this

Actually tungsten's density is 19.25 gram per cubic centimeter while gold's is 19.30 at room temperatures, which makes only 0.26% difference. Thus you won't be able to tell a gold plated tungsten bar from a real gold bar by weight or density, but as I said before, their electric conductivity differs more than twice which is enough to distinguish between these two metals at home using cheap electric equipment.

[ShakyhandsBTCer]

No its quite simple.   Can it be done as simply as bitcoin, or cash actually yes if its in coin form.    Gold has a fixed weight and a coin fixed dimensions so you have two elements of the equation to prove absolutely you have your gold there.   What they used to do (obviously we stopped using coins of actual worth) is use fixed scales.  So you put a gold coin into a set trap, it will only fit this coin regulated dimensions and then it has to equal perfectly the weight.   Gold is a unique element so its really not possible to fake both weight and dimensions, so this quick test works and yes gold has worth as a transactional secure monetary thing!

To make sure you have authentic gold, you have to use dangerous acids and drill the material too.

Alternatively you have to buy expensive gold testing equipment.

Mind, I do value gold and other metals (that's why I have some), but it is useless unless there is a catastrophe rendering infrastructure not functioning.

Neither of these ways allow you to cheaply and quickly verify that you are in fact dealing with gold.

[coory]

i will take the gold 

[deftonikus]

I would pick bitcoin because it has many benefits over gold. Old generations are leaving and new are coming. New one will be techno generation sucking information from PC since very young age, for them working with software will be as breathing, but they wont know what to do with gold.

[greenlion]

No its quite simple.   Can it be done as simply as bitcoin, or cash actually yes if its in coin form.    Gold has a fixed weight and a coin fixed dimensions so you have two elements of the equation to prove absolutely you have your gold there.   What they used to do (obviously we stopped using coins of actual worth) is use fixed scales.  So you put a gold coin into a set trap, it will only fit this coin regulated dimensions and then it has to equal perfectly the weight.   Gold is a unique element so its really not possible to fake both weight and dimensions, so this quick test works and yes gold has worth as a transactional secure monetary thing!

To make sure you have authentic gold, you have to use dangerous acids and drill the material too.

Alternatively you have to buy expensive gold testing equipment.

Mind, I do value gold and other metals (that's why I have some), but it is useless unless there is a catastrophe rendering infrastructure not functioning.

Neither of these ways allow you to cheaply and quickly verify that you are in fact dealing with gold.

Standard multimeter and a pocket calculator and you'll know the conductivity difference to an accuracy that is way higher than necessary.

[Harley997]

No its quite simple.   Can it be done as simply as bitcoin, or cash actually yes if its in coin form.    Gold has a fixed weight and a coin fixed dimensions so you have two elements of the equation to prove absolutely you have your gold there.   What they used to do (obviously we stopped using coins of actual worth) is use fixed scales.  So you put a gold coin into a set trap, it will only fit this coin regulated dimensions and then it has to equal perfectly the weight.   Gold is a unique element so its really not possible to fake both weight and dimensions, so this quick test works and yes gold has worth as a transactional secure monetary thing!

To make sure you have authentic gold, you have to use dangerous acids and drill the material too.

Alternatively you have to buy expensive gold testing equipment.

Mind, I do value gold and other metals (that's why I have some), but it is useless unless there is a catastrophe rendering infrastructure not functioning.

Neither of these ways allow you to cheaply and quickly verify that you are in fact dealing with gold.

Standard multimeter and a pocket calculator and you'll know the conductivity difference to an accuracy that is way higher than necessary.

Aren't there other metals that are cheap but could give similar results that gold would make? Also what if you were to get a gold bar for example, but it is not gold all the way through but rather hollow in the middle?

[jump4ever]

bitcoin>everything else

[Daniel91]

I think I will still pick Gold at the moment.
Bitcoin may become higher value than gold in the future, but I'm not sure if I can wait

[waterpile]

As of now for me gold is better in price and also Btc is still unknown to others

[allsopfree]

gold, since bitcoin can be banned

[Swordsoffreedom]

gold, since bitcoin can be banned

It can't really be banned when it's decentralized that said the government can confiscate gold and its easier to hide a USB key
Bitcoin FTW 

[Nerazzura]

Depending on the type of investment, If you want something stable then your choice generally would be to choose gold, but if you can tolerate or want a huge volatibility in the price of the wealth then you will choose bitcoin.

absolutely right. and you can also invest in a new crypto emerged with a very low price and sell it back when the price soared. also need luck here