Compared to Bitcoin, gold doesn't seem real...

[cbeast]

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

[SomethingElse]

Oh. And try carrying a few pounds of gold through an airport without a lot of questions. Bitcoins don't need to fly.

You can't really go through an airport with 50,000 USD in your pocket too without getting some questions. 

But yes, one of the great advantages of Bitcoins is how easily they can get shipped around the world.  That is a big +1. 

I'd say it is also easier to find places to spend bitcoins for goods than gold for goods.   

But gold does have its advantages too.  You could at least make jewelry out of it.  Bitcoin is bling bling too, but digitally for nerds. 

[El Emperador]

Bitcoin and Gold are ofter compared ( maybe because of mining  ), but they are 2 completely different things.

Bitcoin is a currency and a payment system, while Gold basically is used as long-term investment, with few application in every-day life.
Moreover, we have to say Bitcoin was borno in 2009, but Gold is considered a symbol of power and luxury for millennia and, notwithstanding highs and lows of its market, it always has a high nominal value.

[Beliathon]

Bitcoins can protect some of your wealth even when you are wrongfully judged by an imperfect society.

Ask Ulbricht how that went.

Ulbricht was a noob who should have been using brain wallet and not telling anyone he even had a stash that size.

Also he had terrible opsec, running a huge darkweb market moving millions of dollars of drugs and he was on fucking FACEBOOK! What?!

[TaunSew]

Bitcoins can protect some of your wealth even when you are wrongfully judged by an imperfect society.

Ask Ulbricht how that went.

Ulbricht was a noob who should have been using brain wallet and not telling anyone he even had a stash that size.

Also he had terrible opsec, running a huge darkweb market moving millions of dollars of drugs and he was on fucking FACEBOOK! What?!

On a library login account too that he signed up with government ID, wasn't it?

[countryfree]

Sorry, but I think gold is much more secure.
I have a deposit box in a bank which has never been robbed, while I've already lost loads of data because of hard disk failures.

That box of gold can be seized by authorities at any time. Remember over the last 2 years bank accounts and safety deposit boxes have been being seized in large numbers for suspension of money laundering(for no reason other than to ask you where your money came from). It cost $20,000 to get your money/gold back if you can prove where every penny came from. Most of the accounts had $30,000 or more in them and are owned by "mom & pop" businesses, but the Feds are making a lot of money seizing accounts of innocent people right now.

If you live in a fascist country where your bank account "can be seized by authorities at any time", I can only advise you to move immediately. I don't. My money's safe.

[yeponlyone]

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

[johnyj]

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

Gold is much more difficult to spend. I tried to sell a gold ring to many merchants on the street and none of them accept it , they all told me to go to banks and exchange it for fiat money. And when I reached bank, they took some special tools to test the purity of the gold before they could give me a price

[cbeast]

Bitcoins can easily survive a nuclear blast if they are backed up. James Bond would never have met Pussy Galore if they had Bitcoin in 1964.

Umm, it requires internet. Gold can be physically traded (bitcoin paper wallets could but thats just fiat again..)

The Internet was designed by the US military and intelligence agencies as a means to communicate even in a nuclear war. Gold can become irradiated and be destroyed or turned to liquid mercury.

[Ruthful]

Gold can become irradiated and be destroyed or turned to liquid mercury.

The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .

Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.

[cr4sh0verride]

If something like the Carrington Event happened again today

http://en.wikipedia.org/wiki/Solar_storm_of_1859

Bitcoin wouldn't exist and gold would survive

[knight22]

That blue chart was Mt.Gox before its collapse, not Bitstamp.

[knight22]

Gold can become irradiated and be destroyed or turned to liquid mercury.

The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .

Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.

To achieve this you need extreme pressure and temperature in the magnitude of the sun's core. So good luck with that.

[Ruthful]

Gold can become irradiated and be destroyed or turned to liquid mercury.

The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .

Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.

To achieve this you need extreme pressure and temperature in the magnitude of the sun's core. So good luck with that.

Or we could introduce them to antimatter, and we're getting  even more science fictiony (not that I'm complaining )

[Dabs]

I'll take both. A little gold here. Maybe even silver. Some rounds, some bars. And a little bitcoin here, there, everywhere.

Much easier to transport a micro SD card through just about anything ... and have a backup somewhere safe, just in case.

If gold is in danger of being destroyed or melting, your life is probably also in danger, so get out of there.

[cbeast]

Gold can become irradiated and be destroyed or turned to liquid mercury.

The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .

Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.

They've been turning gold into mercury since the 1930's but whatever. If properly backed up, bitcoins can survive any type of direct attack because it can be in multiple places at once. The point was that it's easier to keep a thumb drive in your pocket than a ten inch steel vault.

[Ruthful]

They've been turning gold into mercury since the 1930's but whatever. If properly backed up, bitcoins can survive any type of direct attack because it can be in multiple places at once. The point was that it's easier to keep a thumb drive in your pocket than a ten inch steel vault.

 I've heard that scientist managed to transmute(for lack of better term)  bismuth or mercury into gold in some experiment, but not the other way around at a net loss(in expense).Anyone who are have some level of knowledge in chemistry knew that gold does dissolve in mercury, but they are far from being destroyed as the gold atoms themselves still exist and can be recovered( the process is relatively simple) .To classify as being destroyed it need to be impossible to recover as the element gold no longer exist in its atomic form.As I said the only way to turn gold into lesser element(lead) was by leaving in at the centre of a nuclear reaction(they did by placing in in a nuclear reactor) for a very long time.Hardly practical nor easy.

True it is easier to keep your bitcoin secure than gold ,but unlike gold lost bitcoin can be lost forever.It is a lot easier to destroy bitcoin just simply destroy the knowledge of the private key(or by killing the person who knew it).Anything that is impossible to recover is as good a gone.


Ironically , any method(Or should I say math odds ) that could recover those lost private key would effectively kill bitcoin(ominous quote"all of them,everywhere") as it destroys the security of bitcoin.

[manselr]

Compared to Bitcoin gold doesn't seem real... secure.

That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.

Thats pretty silly. Can you store your USB/HD/trezor/whatever on the moon? Then anyone can come to your house, find your wallet and torture you until you sing the password

Nothing is safe my friend. And lol at "you cant spent gold". As if you can spend bitcoin in a lot of places.

[V8x8d]

People seem to be under the illusion that gold sits idly in central banks. Even today gold still backs up the $. Gold will always be money as it satisfies all the characteristics of money (store of value, durable, divisible, consistent, has intrinsic value, limited in quantity, history of acceptance). BTC is more secure but it isn't a store of value or universally accepted yet.

[cbeast]

Compared to Bitcoin gold doesn't seem real... secure.

That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.

Thats pretty silly. Can you store your USB/HD/trezor/whatever on the moon? Then anyone can come to your house, find your wallet and torture you until you sing the password

Nothing is safe my friend. And lol at "you cant spent gold". As if you can spend bitcoin in a lot of places.

Bitcoin is torture proof. Sorry to disappoint.