217 sats \ 5 replies \ @DarthCoin 3 Apr \ on: Gold Vs. Bitcoin: The Winner Is... bitcoin
The image from the article is wrong
Flaws:
  1. You cannot compare a shiny rock with something digital. Are two different things.
  2. Liquidity - Bitcoin is way more liquid than gold.
  3. Fungibility - is Bitcoin again. Ask those that want to stick the gold bar in their ass... how was going?
  4. Durability - Bitcoin again. In terms of money, Bitcoin is forever
  5. Recognition - Bitcoin again. Ask whatever loser on the street what would they will take, a gold bar/coin or a chocolate bar ?
GOLD IS A JUST A SHINY ROCK USED TO BUILD BTC MINERS.
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21 sats \ 0 replies \ @orthwyrm 4 Apr
It is also wrong in terms of privacy IMO.
Digital transactions of gold (and cash) have zero anonymity for obvious reasons, so Bitcoin is superior here.
Physical transactions are equivalent, as it's possible to exchange Bitcoin offline (via OpenDimes or whatever). This is a moot point anyway because a) Offline transactions are inconvenient and increasingly uncommon and b) Fuckin' nobody buys directly with physical gold, they always convert to cash first.
I used to feel common ground with the goldbugs, but these days not so much.
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0 sats \ 3 replies \ @kepford 3 Apr
I agree in spirit but gold is not just a shiny rock. Gold has been a pretty good store of value for thousands of years. That said, we now have bitcoin and comparing the to is useful to show some of bitcoin's utility it isn't even a fair fight.
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0 sats \ 2 replies \ @DarthCoin 3 Apr
Gold has been
Well said.... was. is gone. Puff
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0 sats \ 1 reply \ @kepford 3 Apr
lol. Gold was a great teaching tool to prepare the world for bitcoin. That's another way to look at it.
That said, gold will continue to have value as an industrial metal.
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0 sats \ 0 replies \ @DarthCoin 3 Apr
so... is a shiny useful rock. Right.
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