I like physical silver. It’s a real thing. It is also very undervalued so at some point it will gain a lot more value than gold plus you can carry small quantities. I have some 1/10 gold coins about the size of a dime but worth 230 dollars. I don’t want to carry a pocketful of those around.
BTC doesn’t have anything backing it. I would love a gold backed type bitcoin.
Gold backed bitcoin? Who would be holding the gold for it? I mean: physically.
There was a company in Poland selling gold certificates. They were supposed to buy gold for people buying their certificates. Instead of buying gold they used people money to build a new airline. The airline has failed and people never saw their gold.
Unless you keep gold/silver, anything (***)-backed is just another form of theft. It sounds nice … until people find out.
At some point younwill determine the value of your metal when you offer nit to someone with zero bonuses for something you need. Peiple need to forget about comparing it to fiat for value, it's in a limited supply and in the hands of a relative few if us.
Bitcoin is backed by pure energy (more electricity than any government or corporation on earth has access to) and unbreakable cryptography. It is mathematically the hardest representation of work that humanity has ever devised, and it makes gold and silver obsolete as money.
I like physical silver. It’s a real thing. It is also very undervalued so at some point it will gain a lot more value than gold plus you can carry small quantities. I have some 1/10 gold coins about the size of a dime but worth 230 dollars. I don’t want to carry a pocketful of those around.
BTC doesn’t have anything backing it. I would love a gold backed type bitcoin.
Gold backed bitcoin? Who would be holding the gold for it? I mean: physically.
There was a company in Poland selling gold certificates. They were supposed to buy gold for people buying their certificates. Instead of buying gold they used people money to build a new airline. The airline has failed and people never saw their gold.
Unless you keep gold/silver, anything (***)-backed is just another form of theft. It sounds nice … until people find out.
U can buy gold with bitcoin and vice versa.
At some point younwill determine the value of your metal when you offer nit to someone with zero bonuses for something you need. Peiple need to forget about comparing it to fiat for value, it's in a limited supply and in the hands of a relative few if us.
Bitcoin is backed by pure energy (more electricity than any government or corporation on earth has access to) and unbreakable cryptography. It is mathematically the hardest representation of work that humanity has ever devised, and it makes gold and silver obsolete as money.