GOLD

Arthur-N-Owen

THIS! GOLD!!

Dogegone-it

I have alts because there has never been just one player in any space ever. It’s far too early to declare a winner and at this stage the only thing we think we know is that BTC makes the most sense as the GOLD of the crypto ecosystem. It remains to be seen what the silver, platinum, copper, etc end up being

Jmbut

I would choose GOLD for now

Expert-Jacket-2641

Gold is not man-made...you can be sure that to the end of time no one will ever recreate a basic earth element GOLD. BTC is a man-made technology...another one will surely beat it..just like nokia and yahoo stories...

Constant-Actuator296

Thank you I did not know that, I was figuring maybe it was down to physical gold supply and the fact they will always find more of it, and supply could be humanly controlled like silver and diamonds etc. You explained this nicely to me, I was thinking like .... but its gold, how can GOLD lose more, of itself, but yet, the numbers don't lie.

Expert-Jacket-2641

In mobile phone industry Nokia was dominant before...look at it now, if you know what i mean... so as yahoo, friendster, sony walkman...all are dominant in their industry before...if it's man-made,there will always the next better thing the security of GOLD and silver is still the standard... as no one can ever recreate or replicate it till the end of time

Expert-Jacket-2641

In mobile phone industry Nokia was dominant before...if you know what i mean... the security of GOLD and silver is still the standard... as no one can ever recreate or replicate it till the end of time

Expert-Jacket-2641

Someone can recreate BITCOIN, no one can recreate the basic element GOLD

Expert-Jacket-2641

Well at least we are sure that even the brightest mind on earth can not recreate a basic element GOLD

Expert-Jacket-2641

Remove blockchain technology from bitcoin, what makes bitcoin unique, irreplaceable or irreplicable? Another bright kid on the block can recreate bitcoin. no one can recreate GOLD

Expert-Jacket-2641

Remove blockchain technology from bitcoin, what makes it unique and irreplaceble, no one can recreate GOLD

Invelious

Fucking GOLD bro. Love it!

I__G

Nope, ₿ had use case but later turned into DIGITAL FUCKING GOLD

Rice-Fragrant

Naw bro… you are dumb enough to believe this. Rome had its currency “backed” by the military too, not even the soldiers wanted to get payed in DOGSHIT so they had regular mutinies and they demanded payment IN GOLD AND SILVER!

Rice-Fragrant

I still like gold for jewelry and art, but it’s a poor investment… and I was once a HARD CORE stacker too. The community believes that gold will “save” their wealth in a mad max situation BUT a box of bullets have WAY WAY WAY OUTPERFORMED GOLD… just look on the prices today! A box of 9mm, 45 etc has all easily kept up with real inflation but gold has FAILED TO KEEP UP with true cost of living increases. Gold needs to be $3500 JUST TO BREAK EVEN from its 1980s inflation adjusted all time highs… this is not a good long term “investment.” I would not even call it good “insurance” either, much better off with some farm land, good friends and family and some tools, food and weapons.

Grunblau

I am still convinced that he was playing Barrack GOLD takeover of the Pebble Mine until politics killed the project at the last minute of the last hour…. He then sold his entire stake and made his secret OXY play…

na3than

My eyes nearly rolled out of my head at this comment in response to someone asking how the decline in value of the dollar compares to the price of gold over time: > Why? How would that have any possible relevance? The price of gold fluctuates with demand and supply independent of the value of any particular currency. That's why pinning the value of a currency to it is such a ridiculously stupid idea. This person is literally saying the price of gold fluctuates *independent of the value of any particular currency*. THE \*PRICE*\ OF GOLD IS THE PRICE IN A PARTICULAR CURRENCY. THAT'S WHAT "PRICE" IS.

internetkr2017

What do you do with GOLD When you have it Answer my question you get the answer

Tacitus19

ETH, BTC, GOLD and REAL ESTATE. Is that not diversification?

gosumofo

Yeah. You should regret it. Now move on and start not regretting buying more GOLD BTC

CorneliusFudgem

This post is GOLD

GhostofABestfriEnd

Source? If you’re right he should get spammed relentlessly with the phrase in all caps YOU OWN A GOLD COMPANY every time he speaks about Bitcoin.

Beneficial-Fix-1995

GOLD - 10$ eagle

BackendSpecialist

GameStop effect? Btc passed a GameStop effect a long time ago. I’d be really surprised to see any long term holders say that btc could have a GameStop effect in the future. BTC is deciding if it’s going to have a GOLD effect.

Amassador_ExoTerra

Yeah... At some point you get rich enough in GOLD and the SS tells you your not allowed to sell. Do the same with Bitcoin and for some damn reason they prevent you from trading it during this ETF launch...

Abject-Government-13

I know their GOLD plan was a total croc, if you look at the logo you can see that they display only giving users a small tip of the bottom of the amount of value.

CapablePiglet1044

Why do you think that futures ETFs had zero interest but a spot ETF will suddenly have institutional interest and corporate interest? And why do you think retail investors will want to buy a spot ETF in massive volumes over actually holding the underlying themselves? Look at gold, spot gold ETFs are almost non existent because there’s no demand - all retail gold investors buy and hold themselves…which is already possible for bitcoin investors. And where did you get $500B from? The largest spot Gold ETF (SPDR GOLD) is less than 10% of that.

muttadile1

BTC will have a marketcap similar to GOLD ​ i'm calling it right now

pigeonwiggle

yup, for all the "popularity" of GOLD - how many people do you know own gold? nobody gives a fuck - because MOST people are too busy trying to survive their fucking lives in an era where "nobody has any money anymore" has gone from a Mantra to a tombstone engraving. "why aren't people buying bitcoin?" -- look around. bread's encroaching 5 dollars a loaf, and companies are looking at mass layoffs. we've entered a recession and the hopium in this subreddit is foolish because there's this idea that the halving will be just like all the rest. -- it's possible the infamous rainbow graphs simply show the past bullrun as the peak - and the next bullrun won't get as high and this whole thing will be a parabola as the era of bitcoin quickly crashes for good.

Bobby_Juk

that was a lot of GOLD

kadudu888

This answer is GOLD

Fbastiat1850

The first written record of alum was in the 5th century BCE by Greek historian Herodotus.\[2\] The ancients used it as a dyeing mordant, in medicine, in chemical milling, and as a fire-resistant coating for wood to protect fortresses from enemy arson.\[3\] Aluminium metal was unknown. Roman writer Petronius mentioned in his novel Satyricon that an unusual glass had been presented to the emperor: after it was thrown on the pavement, it did not break but only deformed. It was returned to its former shape using a hammer. ***After learning from the inventor that nobody else knew how to produce this material, the emperor had the inventor executed so that it did not diminish the price of gold.\[4\]*** [https://en.wikipedia.org/wiki/History\_of\_aluminium](https://en.wikipedia.org/wiki/History_of_aluminium) ​ 'So that it did not demonetize GOLD'... Well, isn't that interesting! #Bitcoin!

und3adb33f

"Separation of money from state" just goes back to the way the world actually used to work, when GOLD was the money. All that governments did back then was press the metal into standardized coins -- they didn't "create" any gold. At most they could force private citizens to mine it and hand it over to the government in exchange for not being murdered.

DaVirus

It's not only moving opposite to the markets. It is also moving opposite to GOLD. That is a bigger deal imo. Gold is one of the main markets that BTC competes with directly. (Main reason I have both). So it decoupling from tech stocks AND growing against gold is kinda huge deal.

Quiet-Ad-3582

BTC is a digital asset and GOLD is a physical asset ... both so different but valueable in their own way

Nirbhik

I just hate the entire idea of evaluating bitcoin in terms of ANY fiat currency! It just defeats the entire purpose doesn't it? A major tranformation of being in the crypto space is get out of the sovereign currency mindset...those are merely government instruments to manage the economy (mostly in the arbitrary terms of a handful of elite corporations...except for maybe those rare direct democracies). The fairest evaluation of bitcoin price/performance is **GOLD**: Buy 1 yr ago $21600 $1754 Bitcoin: $1.21 | Gold: $1.09 Buy 2 yrs ago $48960 $1789 Bitcoin: $0.53 | Gold: $1.07 Buy 3 yrs ago $11380 $1911 Bitcoin: $2.29 | Gold: $1.00 Buy 4 yrs ago $10140 $1504 Bitcoin: $2.57 | Gold: $1.27 Buy 5 yrs ago $6770 $1198 Bitcoin: $3.85 | Gold: $1.60 Buy 6 yrs ago $4358 $1285 Bitcoin: $5.98 | Gold: $1.49 Buy 7 yrs ago $575.7 $1321 Bitcoin: $45.25 | Gold: $1.45 Buy 8 yrs ago $223.1 $1138 Bitcoin: $116.76 | Gold: $1.68 Buy 9 yrs ago $503.2 $1277 Bitcoin: $51.77 | Gold: $1.50 Buy 10 yrs ago $113.2 $1378 Bitcoin: $230.19 | Gold: $1.39 Buy 11 yrs ago $10.56 $1667 Bitcoin: $2,467.93 | Gold: $1.15 Buy 12 yrs ago $9.684 $1729 Bitcoin: $2,690.07 | Gold: $1.11 Buy 13 yrs ago $0.06480 $1238 Bitcoin: $402,022.03 | Gold: $1.55

Puking_In_Disgust

If that happens that would imply so much instability in the global economy that even other currencies’ values against each other will probably be going nuts too. In that case I’d probably just switch the main chart I look at to BTC/GOLD.

Bandit_Quick

For what it's worth woke up to see a lot of transactions in my retirement account. One of interest is GOLD. Broker sold 15% of those shares. And I have seen Gold price down as BTC etc went up. Gonna flip gold?

jklindsay97

Yeah ticker $BITCOIN is clever. Personally, I’m going all in on $GOLD. Same supply as Bitcoin… 21,000,000. Trading at $0.06 today at just over $1 million mc. I think it’s clever to use same supply as Bitcoin and people always say to hold gold in a recession. So… Meme gold… Easy for it to hit $1. I’d like to see $100 $GOLD 😁🥇. Imagine ticker Gold Coin on front page of CMC… Moon. CA: 0x089453742936dd35134383aee9d78bee63a69b01

Rice-Fragrant

I used to be a HARD CORE gold/silver bug… I never thought bitcoin was a scam but it was reported as a “PayPal” like digital money from the fools in the media at the time… I never thought much of it because I already had paypal. After it reached parity with gold, I was CONFUSED because it wasn’t physical, so it broke all my understanding of hard money… then after the market crashed 85% I was too scared to get in and I still was CONFUSED as to what gave bitcoin it’s value. I used to wander “why isn’t bitcoin backed by anything physical.” Peter probably has the same mindset. Peter hasn’t asked himself any of the fundamental questions as to what gives bitcoin it’s value… like most gold bugs, in his mind, if it’s not physical then it’s not “real.” The none physical nature of bitcoin was the LAST HURDLE I had to study before I completely left gold for bitcoin. Now I understand that the properties of bitcoin wouldn’t exist if it wasn’t for its none physical nature. In a modern world, gold is a POOR FORM OF MONEY compared to bitcoin. I should know because I GENUINELY TRIED TO USE PHYSICAL GOLD AS SAVINGS/MONEY for years before getting into bitcoin. I tried the #getonzero fiat with gold/silver and it’s much much much more difficult because the premiums were high and the dealers only purchased at 90% melt… so that’s a loss of 15-20% if the melt price did even change and you needed the money fast… also some dealers try to CHEAT YOU will questionable scales and measurements. Also, you might want to sell but the dealer went on a trip etc. I tried to barter with gold/silver too, and it’s a poor experience compared to using bitcoin… I was always in fear of someone running off my my gold/silver as they “checked it” to see if it was real… constantly being asked “is this real” and people always wanted to tear open seals etc… just a bad experience.

mesutdmn

But GOLD is pretty big, it is time to make Bitcoin big as much as gold also.

coinfeeds-bot

tldr; ShibaDoge Devs have launched their highly anticipated token "GOLD". The token is an ethereum based token with a total supply of 21 million, similar to Bitcoin. It has been listed on several leading crypto exchanges and was initially distributed to the project's social media followers and token holders. The token has gained significant traction, generating over $5 million in volume within the first 24 hours. Currently, there are over 1,250 holders and less than 4% of the total supply available for purchase. The token price ranges from $.10-$.30 and is trending as a top 10 coin on Dextools. The team behind ShibaDoge aims to create a meme coin around Gold, believing it to be a timeless meme with universal value. The launchpad is intended to provide a safe environment for memecoin users to participate in cultural phenomenon. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

simplicity92

Lots of people are hating the KYC system, and now when reddit introduce GOLD, do you think they will wanna KYC? whats more earning a free upvote is already hard enough.. let alone earning GOLD upvotes..

simplicity92

I guess they do it only with the US as they are not crypto friendly. Zero blockchain relation. To be honest, its good for moons. We are still one of their RCP. I dont think GOLD will kill us off.

alltimecards

Not gonna lie, I’m terrified about the future of moons with the introduction of GOLD

Hodlbag

They should have allowed us to be able to trade our Moons for GOLD and then allowed us to be able to cash out for real money... Instead they chose to ruin everything!

ripulimestari

they do? Substitute GOLD for Moons in your comment and that is how Moons work!

Hodlbag

Can someone please give me a simple explanation...What is the point of earning Moons now? If the new RCP are based on earning GOLD now? What will be the point of Moons? I'm super confused now, after this new update...

Hodlbag

So now farming earns you Karmaz which in return gives you GOLD, which then you can cash out for real money... How about REDDIT allows us to be able to do that with out Moons... 🙌

Bobby_Juk

definitely the end of the GOLD STANDARD and beginning of fiat nonsense

Agree-Refuse-69

No and they never will be. There is a reason FIAT banking came because the sheeple were scared sh\*tless to custody THEIR OWN GOLD ​ Exchanges are the modern day version of the early banks Sad but true OP, as George Carlin said "imagine the stupidest person you know, half the people are stupider than than"

sadsissyphus

If one of ETF gets accepted, then they have to accept all of them. Which could take us to GOLD's level.

ZeNfiShY123

ASTEROID MINING ⛏️ is an actual risk to GOLD

EpicHasAIDS

Given you and most people around here don't even know how an ETF works, maybe slow down. Further, you don't have a clue of demand for spot ETFs. What you and the rest don't seem to understand is that spot etfs have existed for years and gathered limited demand. Any US institution can buy a spot crypto etf TODAY. All this talk about "Duh what if the big boys put 1% of AUM in BTC, duh". Have you ever actually spent 1 seconds learning a mouth institutional portfolio management? Ever talk to someone with a job in thay world? They aren't fucking lining up to buy BTC. Hell, most big players don't even fucking hold GOLD. The crypto community is actually worse than the traditional investment people in terms of being uniformed and bigoted. Worse, they're arrogant to speak about shit they just make up.

road22

It is very obvious....You never lived in a country with hyperinflation. In 2016 my best friend is trying to sell his condo in Caracas Venezuela. It must be sold in US Dollars because nobody wants to transact for Car/Real Estate in Bolivars. It would be very hard to do a transaction in GOLD but possible. It is hard to verify 50 ounces of gold. Then you have to store it in a country that has become lawless with corruption. So when the USD fails... what currency will they use for transactions? Will you be able to give change for a 1 ounce gold coin? Forget about any borrowing or lending in US dollar when inflation is over 20 percent and rising. Once it continually rises , must borrow in a more stable currency. Take a moment and think about it.

TheVoidKilledMe

yeah it won’t be profitable … cause THERE IS NO FUCKING GOLD 😂 bitcoin can be truly decentralised because you can use energy everywhere in the world to access the internet with gold thats not the case

Stinkpretzel

I like how metals heavy media just finding random terminology 'bitcoin is choppy at 26' and then tries to sell you 'GOLD TO $10K VIA BRICS! US DOLLAR IS DEAD'... ...yawn 😴

mesutdmn

I have $100b worth of GOLD, Do any of you want to buy my stable coin? All of them are gold-backed, trust me.

Simke11

If you are looking at gold/silver but don't want to buy/store physically, maybe have look instead at gold and silver ETFs on ASX. GOLD, PMGOLD, ETPMAG (silver).

Skrilllll

About banking: It's not BTC vs Banks, but BTC vs Central Banks. Secondly: Central Banks, like the Federal Reserve (FED and the European Central Bank (ECB) aren't necessarily inherently evil. Especially the FED hasn't done that much of a bad job. Obviously some criticism is very accurate but please try to remain rational. There are a TON of rich people that aren't aware of bitcoin, if they only hear these ignorant people complaining about stuff they barely understand, they will view bitcoin as a cult movement that's driven by mostly young people. However, whats important to understand is that the idea of a central bank has historically always been heavily opposed. But still, before central banking it didn't look pretty either. Bitcoin is a technology that allows us to not need a bank. We simply store or future buying power in bitcoin, and since the current paper money system will always opt for inflation even though our interest rates have gone to shit, you are basically forced to invest your money if you want to save it overtime. The funny thing currently, is that our paper money system has run into an inevitable end stage, and to prevent this, governments are trying to digitize the current money by implementing CBDC's. There have been thousands of paper money systems in the past, and every single one of them ended in zero. The interesting paper money systems that are very identical to the current USD (which is the world's current "central" currency) are: the dutch Guilder pre-industrial revolution and the British Pound post-industrial revolution. Central Bank Digital Currencies (CBDC) are currently in development, but you'll only hear about it if you actively searched for it yourself. CBDC's are basically an imitation of Bitcoin. The thing with bitcoin is, that its like a natural resource in terms of market mechanics. Nobody really owns it, which means that there is no "single point of failure". If you took the gold price after ex-president Richard Nixon abandoned the gold standard in 1973 (which was inevitable) and you applied the stock-to-flow model to golds future price potential, you would have an rather accurate prediction. The same is applied to bitcoin, and it continues to follow it quite well. What is money? It has 3 functions: 1. Store of value (your buying power remains/increases over longer time frames) 2. Unit of Account (you can use money to count and compare goods and services. The lower the price volatility, the better it fulfills its job as a Unit of Account) 3. Medium of Exchange (how efficient can this money be handed over from one to another) Bitcoin, at its current stage, isn't necessarily meant to be a medium of exchange. There is only one country in the whole world that adopted bitcoin as legal tender. (el Salvador) The rest might follow, but most developed countries will probably not follow el Salvador. (But might be forced eventually, who knows. The world has been on a gold standard during times of massive technological development). Contrary, if you want to transact one billion dollars to the other side of the solar system, it can be done instantaneously without any hassle. (Golds biggest problem historically speaking, was its weight. This is why paper money was invented in China around the year 900) Bitcoin is also not good as a unit of account since it has been a volatile asset. Only until recently volatility has calmed down, but it might pick up again soon. However, you can imagine that the more money flows into a certain asset, the harder speculators will have to "work" for it to remain in price volatility. I am fairly certain bitcoin will reach a stage where it will be stable enough for it to function as a usable money. Bitcoin's base layer is currently designed to function as a store of value for the most part. Because central banks aim for an annual inflation, despite having fairly limited tools to control this inflation + the fact that they basically depleted all the tools that could effect inflation, you can say with 99.99% certainty that the current money will inflate to shit. Meanwhile, bitcoin is set up in a way to be deflationary. It does this by the halving event that will half the amount of bitcoin that is mined roughly every 4 years. Money also has to consist of certain characteristics. It'll take me way too long to explain it all, but google the following: The characteristics of Money - BTC vs GOLD vs FIAT Ask me anything. If you have things that might make you doubt bitcoins future, please tell me. ,

ajnsd619

The number of lost Bitcoin is now comparably less than before by virtue of its current and potential value, along with better storage devices. People handle it wisely. **SUPPLY & SCARCITY** You ask smart questions who's answers aren't as simple as fewer coins = more value for us. The fewer units circulating, the less elastic it becomes and the slower it circulates. Both create issues that are not theoretical; we saw this effect in the US during that late 20's/early 30's. Bitcoin's divisibility is everyone's go to answer anytime Bitcoin's available supply is discussed. But it's more complicated. Let's assume that we see Bitcoin's price begin to steadily rise with the occasional double digit surge. This effect will increase Bitcoin's demand. New buyers come in and existing holders add to their stake. These combined effects drive prices even higher still. Only a fool sells in this scenario. If you suspect Bitcoin is moving into the hundreds of thousands, why would you sell? **WHO'S BITCOIN DO WE DIVIDE?** So that begs the question. Where do you find the bitcoin that gets divided? From who? Do we take it from someone? When the US economy began to falter in the late 20's, gold redemptions increased. Trade your dollars in for $20.67 worth of gold. It's trade value was higher and only going up. This snowballed until there were few dollars circulating. This caused gold's value to rise even further, but it contributed to the crash of the economy. Nobody parts with anything they expect will preserve and increase in value. Especially if the asset accrues new value as was the case with gold in the late 20's thru mid 30's. The economy failed to rebound because new value generated was captured by holders of gold. That's how it works. The backing commodity captures new value created in the economy. Its then apportioned by the amount of circulating USD. But reduce USD supply, the value stays with the gold holders. People didnt want USD; they wanted gold. And why not. The economy was worsening and they could tell early on that this wasn't an ordinary recession. People redeemed for gold and hunkered down. That meant fewer dollars circulated. Farmers got crushed. Bear in mind this is the 20's/30's. No electronic money. It circulated out from the cities. Farmers were on the far end of that channel, and suddenly it went dry. This exacerbated conditions. [PRICE OF GOLD: 1910 to 1940](https://i.imgur.com/uVk1kpu.png) For this era, the gold price movement was extraordinary. FDR went into tyrant mode and [ordered everyone in the country to give back the gold](https://i.imgur.com/tKgxws5.jpg) or risk jail time. People responded. It was a terrible move. You'll often hear that we went off the Gold Standard in 1971; that's not accurate. The US went off the Gold Standard in 1933. It was then ratified as law during the 1934 Gold Reserve Act. 1971 was more nefarious. After 1934, the gold window was left open for foreign nations who stored gold with us. Basically, the Gold Standard was still good for them. But that didn't work for Richard Nixon. He wanted a war, but foreign leaders didn't trust him. What if he uses our gold to go to war. So Nixon said, "okay, fuck you - come get your gold." And he closed the window for everyone. This isn't a satisfying answer. And its not supposed to be. It's a truly complex problem nothing solves easily. But we need to keep working at it.

mesutdmn

It is easy to be bearish on MOONs when u sold them all, I don't think Reddit gonna terminate them, It may just not be the main currency of Reddit, but will be convertible to the one Reddit gonna create, lets call it GOLD.

voice-of-reason_

So BTC>NDQ100>GOLD

McGrittleFail

Title: Bitcoin SMASHES previous price predictions in MASSIVE GOLD EARTHQUAKE (Gone Wrong) Article: Bitcoin price up 1.39% following XRP-SEC lawsuit developments

Ireallyasked

Idc about 10 years, BTC IS THE DIGITAL GOLD for me

phrodreky

That's gold Jerry... GOLD!

Reporterreserve

Then it will be an era of GOLD

MikeDJunior

Buying more MOONs! Thanks for the financial advice and for Reddit GOLD!

Fox_n_Roll

OK so Jacobi Asset Management has set the launch of their BTC ETF to be listed on Euronext Amsterdam this month. My only concern is if any of these planned ETFs are totally backed by real BTC the asset managers need to hodl in cold wallets or if the backing is just made up with other capital assets or hopes and prayers (like our banking sytem). Who is in charge of making sure the backing is real and not just on paper like some GOLD ETF?

Archtects

That's an interesting move. I think its very clear right now alot of people are moving money into BTC from GOLD, Especially CFD/EFT gold. Im not sure if this is because more and more investors are younger and dont see the value of gold? or maybe the idea of just trading a tracking fund just doesn't sound like a viable option anymore. This isnt to say that gold will go down in value, i think on the contrary Gold is a fantastic asset to have, but i think BTC poses a better option for owning something that you have control over.

Qptimised

Basically the tldr is Tether's digital EUR and GOLD tokens have been listed on an exchange (XT) that is based in Dubai. I've never heard of this exchange but going through their website, they seem to be operating in a lot of countries.

anombit

the real name of the coin was GOLD DOGELON MARS, bullish name

mesutdmn

for most people, BTC and ETH are something that is only here to double their money, not different than GOLD or SILVER, and don't know the tech behind both of it.

Josefumi12

>Several years ago in 2017 Larry Fink called Bitcoin ‘an index of money laundering’. They don't see any profit on it. >Today, on Fox Business he said "Bitcoin is DIGITAL GOLD" They realize that the profit they will get is enormous.

Woowoodyydoowoow

It’s always important to remain skeptical, but simultaneously being open to new information so good on you. CBDC’s keep me awake at night on occasion. I’ve read the concept papers published around the world and it’s infuriating. Some are far more upfront and somewhat honest about the idea of savings limits, expiry dates, and various other systems of control over individual finances. The concept papers that mentioned these ideas try to rationalize it by calling saving ‘hoarding’ and protects the economy from fearful reactions of society, and mentioned that expiry dates would insure a strong economy that guarantees consistent spending. On top of all of this there would be an Orwellian level of tracking, and the places an individual can spend their digital currency at is limited by a regulatory body that must first approve it. Even though many of these concept papers don’t outright mention these concepts I have no doubt of its implementation over time of CBDC’s are successfully introduced. Conversely I find stable coins to be far less detrimental to our individual freedoms. I’ve also seen a paper suggesting Texas may be looking into a gold backed stable-coin A link to the bill in regard to a state stable-coin: [DIGITAL GOLD CURRENCY](https://capitol.texas.gov/tlodocs/88R/billtext/html/SB02334I.htm)

FastEddyToronto

Hahahah trying to change minds ...Look GODS Money has a Track Record that Can't be matched . Please Learn What Money is and its Function(s) please don't compare Crapola to Holiness . Watch when You can't LOG On Cold Storage or Not Y"all be say why why and seeing this and that waiting 20 yrs for an electron You think yall be paid on Real.Money . And take that stupid B out of the GOLD 🪙 YOU say is BTC hahaha trying to trick people all the way giving the impression it's a tier 1 asset Stupid idiots stop scamming people THEY work hard for the Fiat Stupid Assholes. PLEASE GET OUT OF BASE 2 CHERUBIM are here

bitcoin_islander

Check the GOLD/BTC chart then come back and delete this post in shame.

DBRiMatt

My GOLD has plum,meted -0.64% :(

ourodial

Bro wake up, they've been manipulating GOLD since forever with those ETF's, regulators are 100% corrupt and corporations like Blackrock can literally buy up any regulation body. Only reason why we need cryptocurrencies is self-custody, and these ETF's have "absolutely nothing" to do with crypto. Only reason you'd say otherwise is if you still think crypto as a get rich quick investment. But that is nothing more than lack of knowledge at this point.

ourodial

Are you slow? Who told you BTC created cryptography? Even your 4 digit pin is a form of cryptography. That being said buying paper bitcoin is going to benefit no one, ETF's will just create hundreds of more manipulation opportunities for these corporations like they've been doing it to GOLD since forever. ETF's have nothing to do with cryptocurrencies, the whole idea has always been self-custody.

mesutdmn

BTC is like GOLD for me, no one pays with gold nowadays but it stores the value.

mesutdmn

We want crypto to be like GOLD, not stocks, this is why we want them as commodities. Stocks are under SEC control, and Gold is under CFTC control. Securities u can't list on your exchange before getting permission from SEC while commodities can be sold everywhere.

Odlavso

your damn right they do, after years of paying for Reddit GOLD I deserve a little consideration. I'm not asking for much just early access to Gen 4 avatars and maybe don't destroy the business

FastEddyToronto

BTC doesnt contain any LABOR HUGE WORK to Get a Coin into exsistence. It takes 0.08 cents in Electricity to make a BTC coin for the Pizzas So the 10,000 BTC doesnt Contain Labor thats what GIVES it Value . THEY are Calorie /Energy Containers that never wither even at the bottom of the Ocean Man Cant Make GODS Money. Its also Very Private this is essential for Freedom. GOLD & SILVER is a FREEDOM

mesutdmn

OP noticed, MOON farming = GOLD farming