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Author Topic: Gold vs Bitcoin: 1-0. With Gold, you can wipe your ass ;)  (Read 1416 times)
bitpump (OP)
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March 15, 2015, 07:28:49 AM
 #1

Gold vs Bitcoin: 1-0. With Gold, you can wipe your ass Wink



http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/13/what-the-rise-of-luxury-toilet-paper-says-about-the-economy/
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March 15, 2015, 07:57:37 AM
 #2


But remember the proverb All That Glitters Is Not Gold. Not everything that looks precious turns out to be so. This still remains to be seen with Bitcoin... Beware of false prophets!

LiteCoinGuy
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March 15, 2015, 08:29:47 AM
 #3



just use wortless paper.

Bitcoinexp
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March 15, 2015, 08:30:38 AM
 #4

Here's a stupid idea to even the game: (toilet-) paper wallets.
For argument's sake we're now in a tie.
Gold (1) - Bitcoin (1)
gadman2
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March 15, 2015, 09:50:21 AM
 #5

In all reality a roll of toiletpaper like that would be pretty cheap. There is very little gold on those sheets. It's kinda like the gold in the alcohol drinks. There's literatly like 4$ of gold in each bottle. I would say it's about the same for a roll of toiletpaper.

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March 15, 2015, 10:03:32 AM
 #6

In all reality a roll of toiletpaper like that would be pretty cheap. There is very little gold on those sheets. It's kinda like the gold in the alcohol drinks. There's literatly like 4$ of gold in each bottle. I would say it's about the same for a roll of toiletpaper.

These toilet paper rolls are decorated with a 24 carat gold customized designs and produced at the Tissue Design workshop of Fritz Loiblin in Germany. Each roll costs 246$ (as of 2014), and in no case I would call them cheap!

I'm utterly curious how the used paper gets disposed of...


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March 15, 2015, 10:11:55 AM
 #7

Gold vs Bitcoin: Now it's 2 - 0. When it gets too cold and I run out of firewood, I can just dump it into the fireplace and use it to generate some heat. Whereas with bitcoin it's not possible. The mining equipment doesn't really generate enough heat. So now, can you can see the difference and realize what's the hype all about?

deisik
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March 15, 2015, 10:17:37 AM
 #8

Gold vs Bitcoin: Now it's 2 - 0. When it gets too cold and I run out of firewood, I can just dump it into the fireplace and use it to generate some heat. Whereas with bitcoin it's not possible. The mining equipment doesn't really generate enough heat. So now, can you can see the difference and realize what's the hype all about?

Never heard that gold is combustible (unless you try to burn in a thermonuclear furnace). Did you mean paper dollars? In the Weimar Republic, a day had come when it became cheaper to light the fire with their worthless paper money than with newspaper...



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March 15, 2015, 01:02:39 PM
 #9

You can wipe your ass on a paper wallet.

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March 15, 2015, 01:31:59 PM
 #10

You can wipe your ass on a paper wallet.

1-1


Wouldn't try and flush any paper wallets here:



Then again...



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Nerazzura
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March 15, 2015, 03:27:54 PM
 #11

You can wipe your ass on a paper wallet.

1-1


Wouldn't try and flush any paper wallets here:



Then again...


haha..
it keeps me amused.
but I'm not sure if I should be sad or laughing at bitcoin treated as such.
Beliathon
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March 15, 2015, 04:28:56 PM
 #12

Here's a stupid idea to even the game: (toilet-) paper wallets.
For argument's sake we're now in a tie.
Gold (1) - Bitcoin (1)

Quantity of gold on Earth is very limited, while paper wallets can be made with tiny quantities of satoshi dust.

Gold (1) - Bitcoin (2)

But wait! There are tons of unmined gold waiting in asteroids in our solar system!

Gold (2) - Bitcoin (2)

BUT WAIT! If we capture and mine the gold in those asteroids, the gold supply will be dramatically inflated, collapsing the value of gold!

Gold (0) - Bitcoin (infinity)

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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March 15, 2015, 04:56:38 PM
Last edit: March 15, 2015, 05:06:52 PM by deisik
 #13

Here's a stupid idea to even the game: (toilet-) paper wallets.
For argument's sake we're now in a tie.
Gold (1) - Bitcoin (1)

Quantity of gold on Earth is very limited, while paper wallets can be made with tiny quantities of satoshi dust.

Gold (1) - Bitcoin (2)

But wait! There are tons of unmined gold waiting in asteroids in our solar system!

Gold (2) - Bitcoin (2)

BUT WAIT! If we capture and mine the gold in those asteroids, the gold supply will be dramatically inflated, collapsing the value of gold!

Gold (0) - Bitcoin (infinity)

Just imagine what will happen to Bitcoin and company when someone finally finds a hole in its cryptographic mathematics today, or quantum computers decide to make a quantum leap into existence tomorrow. That would be even scarier than a gold asteroid. Infinity seems to be the right word for it, negative one though...

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March 15, 2015, 05:46:20 PM
 #14

Just imagine what will happen to Bitcoin and company when someone finally finds a hole in its cryptographic mathematics
Any such hole would've been found within the first few weeks of bitcoins first value bubble, when thousands began attacking it each day.
There's a 4 billion dollar incentive for finding and exploiting such a hole today. If it existed, bitcoin would already be worthless. No hole exists.

or quantum computers decide to make a quantum leap into existence tomorrow.
Quantum computers already exist. Bitcoin unaffected.


Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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March 15, 2015, 06:00:40 PM
 #15

Just imagine what will happen to Bitcoin and company when someone finally finds a hole in its cryptographic mathematics
Any such hole would've been found within the first few weeks of bitcoins first value bubble, when thousands began attacking it each day.
There's a 4 billion dollar incentive for finding and exploiting such a hole today. If it existed, bitcoin would already be worthless. No hole exists.

or quantum computers decide to make a quantum leap into existence tomorrow.
Quantum computers already exist. Bitcoin unaffected.

In fact, they are not "true" quantum computers and even those are low-powered. Regarding a 4 billion dollar incentive for finding and exploiting a hole in bitcoin cryptographic algorithm, firstly, the incentive is not that dear (since finding such a hole would immediately crush the prices), and, secondly, the absence of proof is not proof of absence. Just in case, Fermat's Last Theorem has been proven only after almost 360 years of effort...

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March 15, 2015, 06:04:53 PM
 #16

Where to buy?

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March 15, 2015, 06:06:34 PM
Last edit: March 15, 2015, 08:10:27 PM by deisik
 #17


These rolls of shit paper are rather expensive I would say, and I'm not sure if they accept bitcoins. See my post above. If you decide to buy, don't forget to share your impressions with us...

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March 15, 2015, 10:07:10 PM
 #18

In all reality a roll of toiletpaper like that would be pretty cheap. There is very little gold on those sheets. It's kinda like the gold in the alcohol drinks. There's literatly like 4$ of gold in each bottle. I would say it's about the same for a roll of toiletpaper.

Ooooh, you mean Gold Strike? I loved that shit until I barfed up a whole bottle one night. Now whenever I smell cinnamon I go into dry heaving mode. Ugh, never again. Such a shame, really.

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