FUCKING BASED

To be fair it's used in some electronics

>taking control of our money back
>not a use case

Gold has plenty of uses wtf.

Actually he tends to keep his cool in various situations where interviewers/audiences stack against him. And very few finance peeps out there have been more of an underdog over the years. It toughens you up. I'm still playing all fields.

what about every chip inside every smartphone and computer?
dental fillings ( burgers fuel this due to their sweet tooth)
jewelry????

dear lord

People do eat gold in expensive dishes. Perhaps there's some nutritional value

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Gold has some uses in semiconductor production and for spaceships. But, it also has high value because it's intrinsically supply-capped.

Just like Bitcoin - blockchain can be used as a data structure in software applications as a decentralized immutable ledger. But it's intrinsic value is in the fact that it's supply capped.

True. However, the reason it’s valued is not due to its electrical conductivity, rather it’s due to its scarcity, which is a property bitcoin also has. Therefore the property that makes gold valuable is the reason bitcoin is also valuable.

One thing I don’t understand about the valuation of gold is that it has the highest stock to flow ratio of any commodity so it’s obviously not scarce or running out anytime soon. Yet that doesn’t seem to be preventing a gold boom in the last 20yrs

>listeing to this boomer in 2019

kek buy Oil if you wanna trade commodities

>Horse carriage salesman calls cars useless and impractical

just curious. can u pay taxes with gold? never been bitten by the gold bug.

Fact: The rare Earth minerals market is completely controlled by kikes.

Cryptos are the one market where retail investors got in before the kikes, and that's what scares them.

Fuck Jews, fuck their controlled markets, and fuck any Boomer who expects me to buy their Boomer stocks. Fuck all of them!

fucking kek holy shit

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based

Gold isn't deflationary

Checked

You can buy a life insurance policy on anybody you think will die soon. 10/10 would recommend loading up on some boomer policies with your crypto gains

jewellery is useless. chips use gold but next to none, like 2% of computers are gold. dental fillings are for rich people.

Exactly.

How come I have to verify something is gold whereas I dont have to verify a counterfeit bitcoin

fact: you're a fucking retard for thinking the gold market is "controlled" in any way. Its a global financial tool used by literally every government.

russia, china and india are/have been buying fuck tons of it

witnessed

Short their pension plans

never take someone serious when they use the word 'utter'

>arguing against thin air
i don't think i've ever seen someone seriously say this.

Is it really that scarce? It has the highest stock to flow ratio of any commodity there is.

cucks will never understand
soon they will find out how wrong they truly were

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What if I fork your repo and create my own bitcoin?

Yeah silver will likely rally soon

Jewelry is only valuable because gold is valued. It's a status symbol. You cna get the same aesthetic appearance from other materials. So one cannot even use jewelry as a use value for gold, it's circular reasoning.

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he does

No one will use it because it isn't THE Bitcoin. It's been tried many times.

Gay old cunt. He and CSW would be good lovers.

CryptoCucks will realize the error of their ways eventually
>Electric fiat currency
Inherently worthless, and in time the price will reflect that
A good way to make quick money if you aren’t a retard who thinks BitCoin is going to 100k
If people here had actually invested $16,000 into BitCoin when it hit $3,200 and sold them all when they hit $12,200 they could made 45k but they got greedy again
Precious Metals and Cryptocurrencies are different types of investments but ultimately long term gold IS superior to BitCoin, and Silver will be superior to gold

and other precious metals and gems also of course.

So the value comes from scarcity + aesthetics. Aesthetics can be replicated by cheaper materials and tastes in fashion are flippant. It's really just scarcity and status. Which Bitcoin replicates because it carries its own status for the techie/finance crowd.

>YOUR TYPE OF VALUE IS WRONG GOY!
>THESE ROCKS ARE THE REAL THING!
>LOOK HOW SHINY THEY ARE! DONT YOU WANT TO GIVE ME YOUR MONEY FOR SHINY ROCKS YOU CAN WEAR?!

>SATOSHIS!!!

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fact: justice.gov/opa/pr/merrill-lynch-commodities-inc-enters-corporate-resolution-and-agrees-pay-25-million

Try sending gold over the internet.

>there is not a single use case where bitcoin can be used as a substitute for gold

For BTC this is unironically true.

>bitcoin rises over 350% in a few months
hmm..
is he stacking bitcoin?

>intrinsically supply-capped
It's literally not.

Try using a computer to steal Precious Metals, or hold a hold a physical crypto in your hand, see how that works for you
Electronic fiat is just as untrustworthy as paper money, more so actually

If you change consensus rules, then you have a separate network. It has no relation to the other network and ultimately has zero value. Your network will be worthless, unless you can convince people to mine for your network. There is only a finite number of miners in existence, therefore they can either mine for the original network, or your network. In theory, your fork should be valued at the % of hashing power stolen from the original network * price at the time of the fork. The token supply of the original network does not increase. In fact it can never increase. The protocol is set in stone. However, the security of the network may decrease, because of a redistribution of hashing-power. The value in bitcoin is not only linked to the currency supply, but also the network security.