Home Bitcoin News Random Community Musings about Tether Bitcoin Gold Inflation and More

Random Community Musings about Tether Bitcoin Gold Inflation and More

Random Community Musings about Tether Bitcoin Gold Inflation and More

Bitcoin will be rendered useless once quantum computing advances. Quantum computing will crack all cryptography.

Inserting Tether in Bitcoin is the best way to secure your money. It’ll surely save your money from inflation.

Bitcoin is an over-priced algorithm and Ponzi scheme prompt up by Tether. History will repeat itself

The 2 most common elements in the universe are hydrogen and stupidity. It’s unfortunate that crypto pumpers count so much on the second.

There is an infinite number of cryptocurrencies which could be created with the same exact properties as bitcoin.

What serves any great financial purpose than an indisputable, incorruptible (so far), finite accountability standard? An actual standard that selfish governments can’t erode away at the expense of citizens for their own power-hungry gains – Bitcoin.

“Just like silver is the poor man’s gold, gold is becoming the poor man’s crypto.” – Goldman Sachs

Gold is not particularly useful for its scarcity. Other metals are more useful, or scarcer. The only reason gold is worth something is that it is used as a reserve asset. Lose that and gold turns into just another commodity really quickly.

It’s the other way around.  the persistent future demand by end users who are looking to perform a use case (make a necklace, coat electronics) is what makes it keep its value.  People holding it in safes are just along for the ride.

Gold is infinite because we can’t know how much real gold is, therefore we don’t know what is the ratio: Real gold vs Paper gold. Do you know it exactly peter? Because, I know what that relation with Bitcoin is.

Gold in other galaxies is irrelevant as we can’t access any of it. What counts is what’s here on earth. Perhaps one day what’s in our solar system. But there will likely be far more uses for that gold once we have the capability to access it. Bitcoin will be irrelevant by then.

I don’t get the gold to infinity concept and how’s that? Are you counting the ability of the crime lords to print up all the paper contracts they desire?  Is that really true anymore, with all the burning and whatever?

The gold suggestion only works if we start mining asteroids. And it’s going be pretty inefficient to do that for quite some time.

You have answers for everything except if gold was so important and the best store of wealth why is it the worst performing asset when its supposedly needed most?

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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