Bitcoin Forum
April 21, 2019, 07:23:45 AM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-01] The Bitcoin Crowd Reaches Out to the Gold Bugs  (Read 2692 times)
epere
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
August 01, 2014, 10:11:25 AM
 #1

http://www.businessweek.com/articles/2014-07-30/ripple-and-anthem-vault-combine-gold-with-bitcoin-style-currency

On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They’re both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it’s just that one group thinks math is the antidote and the other believes in hoarding metal bars.

1555831425
Hero Member
*
Offline Offline

Posts: 1555831425

View Profile Personal Message (Offline)

Ignore
1555831425
Reply with quote  #2

1555831425
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
bitsmichel
Sr. Member
****
Offline Offline

Activity: 518
Merit: 250



View Profile
August 01, 2014, 10:20:48 AM
 #2

http://www.businessweek.com/articles/2014-07-30/ripple-and-anthem-vault-combine-gold-with-bitcoin-style-currency

On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They’re both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it’s just that one group thinks math is the antidote and the other believes in hoarding metal bars.

Governments are already meddling around with normal money, inflation keeps getting stronger. I do not think normal money will be useless soon, but the prices will rise and the money will have value.  Have a look at this graph:
http://inflationdata.com/Inflation/images/charts/Inflation_Trends/cumulative_inflation.jpg
The bitcoin price on the other hand will keep rising because it's deflationary.

howardb
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


View Profile
August 01, 2014, 07:01:48 PM
 #3

http://www.businessweek.com/articles/2014-07-30/ripple-and-anthem-vault-combine-gold-with-bitcoin-style-currency

On the spectrum of currency ideologues, gold bugs and Bitcoin enthusiasts occupy equal but opposite positions. They’re both suspicious that governments are going to meddle around with normal money so much that it becomes useless—it’s just that one group thinks math is the antidote and the other believes in hoarding metal bars.
It's not an either/or, I happen to think that hoarding bitcoin AND gold is a great hedge against the insanity that passes for fiscal and monetary policy these days. Mind you I would also have a bunker and two years food stockpiled if I could! Smiley
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!