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336 sats \ 4 replies \ @nerd2ninja 13 Oct 2022 \ on: How do you guys feel about gold? Is there a second best? bitcoin
I think you shouldn't shit on someone who is a gold based saver. It works fine for saving money, and it works well for tracking prices as well. A lot of the core values of Bitcoin come from the core values of gold, but Bitcoin was created because of the failings of gold in terms of confiscatability, portability, divisibility. Failings which made necessary the use of gold certificates.
I do believe that we can have a more respectable union with gold holders than with crypto. I think patience in showing gold holders the economics that we know will go far in getting them to understand and understanding the minutia of the gold trade can go far for getting them to respect us.
I don't think gold and Bitcoin should be at war. I do think Bitcoin and crypto have many reasons to be at war.
well said. I agree
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Totally agree. They can contribute more than the shitcoin holders who are the ones that really undermine the space. It is the shitcoiners who end up damaging bitcoin by making those who are not yet inside believe that it is all the same garbage
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Agree I see most gold bugs as like half way there. As long as they are under 55 all the gold bugs I've talked to have been pretty open to hear what I have to say about Bitcoin. They already have the right mindset. I'm curious on crypto what gives a coin a value of 50k btc ($1billion usd) and why in the world are their 50 of them? Is it the same reason the average home in Toronto is $1.2million? What justifies it?
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There's this old man I like to listen to on YouTube who loves metals and Bitcoin. He does a market report on metal prices and Bitcoin prices everyday as well as relevant news.
His comment section on the other hand is mostly metals fans and I often feel like the only Bitcoin commentor lol.
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