ask an IE anything

...

Nah
If all the computers stopped working then yes Bitcoin would be hard to use. But is that ever going to happen?
It's not inconceivable that at some point the authoritarians in charge shut down the power grid because electricity is bad for the climate. Or having weeks-long rolling blackouts.

Yeah, I think it will happen.
 

Ou812fu

Polishing toilet bowls since 1966.
it's traded off dollar value yes, so is gold; the USD is the dominant currency (for now) so that's logical

sooner than later it will end
Gold creates its own value. All countries look at gold as equal price for an ounce. Not the same with other things.
 
Gold creates its own value.
i asked my Krugerrand in front me what it's value is, but it's not saying much

value by definition is what we humans assign as a worth to something

All countries look at gold as equal price for an ounce. Not the same with other things.
first off this isn't entirely true, the denominated value for physical gold varies country by country it's just no one can take advantage of the arbitrage because it's too heavy and slow to move

second, the point your making is the same for Bitcoin and other high-volume commodities with low arbitrage; basically Bitcoin does exactly what gold promises to do, but faster and with a trustless system that anyone can use
 

Ou812fu

Polishing toilet bowls since 1966.
i asked my Krugerrand in front me what it's value is, but it's not saying much

value by definition is what we humans assign as a worth to something


first off this isn't entirely true, the denominated value for physical gold varies country by country it's just no one can take advantage of the arbitrage because it's too heavy and slow to move

second, the point your making is the same for Bitcoin and other high-volume commodities with low arbitrage; basically Bitcoin does exactly what gold promises to do, but faster and with a trustless system that anyone can use
There is no value behind it. Gold has its own value. Meaning there is only so much of it. Gold that is. Bitcoin can be made up out of thin air.
 
There is no value behind it. Gold has its own value.
this is nonsense, by definition something can't have inherent value without someone or thing wanting it

Meaning there is only so much of it.
just like Bitcoin

Gold that is. Bitcoin can be made up out of thin air.
i'll assume you're just uneducated, but that statement is totally wrong

other "cryptocurrencies" that aren't proof-of-work can yes be made out of thin air, because they're scams to farm retail investors; Bitcoin is totally different
 

Pullman Brown

Well-Known Member
they are backed by the same thing gold is: the desire to retain wealth

wanting something to be "backed by" is a Central Banking psyop that you've apparently fallen for; the downfall of gold & silver was when it was relegated to a "backing" of paper fiat


this is laughably incorrect, it really shows you have no idea what you're talking about

How much longer will Carol Tome stay?
 
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