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Question: What do you think about gold and bitcoins?
Only gold is money.  Bitcoin is crap. - 16 (6%)
Gold and bitcoins are complementary.  Both have different uses and both are usefull. - 204 (76.7%)
Gold will be replaced by bitcoins, and will eventually be worthless. - 26 (9.8%)
Gold will be backed by bitcoins someday. - 9 (3.4%)
Both gold and bitcoins are barbareous.  I hope they both crash. - 11 (4.1%)
Total Voters: 265

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Author Topic: Gold vs bitcoin  (Read 11324 times)
jtimon
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July 28, 2011, 11:04:43 PM
 #61


  ...Keynes didn't say a single truth. 

"In the long run we're all dead"?

also...

As the inflation proceeds and the value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose.


Wow, that was from keynes? Maybe we should all read him after all. Maybe I do some day.
I stick with this one:

"Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from Gesell’s than from Marx’s spirit."
—John Maynard Keynes

I like Gesell's critique to Marx a lot. I've read some small parts from Mises's, but I want to read that whole book.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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westkybitcoins
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July 31, 2011, 07:34:26 PM
 #62

Bitcoin is nothing.  It has one use, and that is to exist and be exchanged.

While this is technically true, you seem to be drastically underrating its utility as a digital means of exchange. Let's just say that at this point, until something superior comes along, bitcoins will continue to have significant value.

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
roslinpl
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March 27, 2014, 01:47:53 PM
 #63

Just created an image for you to show you my opinion Smiley



Hehe Smiley
Icardi09
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March 27, 2014, 02:58:25 PM
 #64

Just created an image for you to show you my opinion Smiley



Hehe Smiley
nice Grin
bitcoin : gold currency in digital age Cheesy
roslinpl
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March 27, 2014, 03:00:08 PM
 #65

Just created an image for you to show you my opinion Smiley



Hehe Smiley
nice Grin
bitcoin : gold currency in digital age Cheesy

This is a point! Smiley
And maybe some pepole would consider why it is better to invest into BTC than into GOLD Smiley
Icardi09
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March 27, 2014, 03:03:45 PM
 #66

Just created an image for you to show you my opinion Smiley



Hehe Smiley
nice Grin
bitcoin : gold currency in digital age Cheesy

This is a point! Smiley
And maybe some pepole would consider why it is better to invest into BTC than into GOLD Smiley

i agree Grin
but gold price will skyrocketing when war time, idk where will BTC price go to when war time
better split our investment, gold and BTC.
roslinpl
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March 27, 2014, 03:25:43 PM
 #67

Just created an image for you to show you my opinion Smiley



Hehe Smiley
nice Grin
bitcoin : gold currency in digital age Cheesy

This is a point! Smiley
And maybe some pepole would consider why it is better to invest into BTC than into GOLD Smiley

i agree Grin
but gold price will skyrocketing when war time, idk where will BTC price go to when war time
better split our investment, gold and BTC.

I just hope there will be no more war time Sad
And price of BTC will skyrocket with growth of its popularity.

SmileyBTC
zolace
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March 27, 2014, 04:53:20 PM
 #68

Bitcoin and Gold are both useful;Bitcoin is new and is the future and Gold had value since the humans found it and use it and will continue to have value.I am for both!

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softron
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March 28, 2014, 07:41:58 AM
 #69

Btc = digital
gold = physical.
I dont think btc can replace gold

roslinpl
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March 28, 2014, 01:22:17 PM
 #70

Btc = digital
gold = physical.
I dont think btc can replace gold

In digital age?? Hmmm ... Smiley noooooo... impossssssibbbllllee...
bobdutica
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March 28, 2014, 02:14:39 PM
 #71


Your third link is broken, unless you intended us to read about waterbeds or textiles.
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