Quote from: Killerpotleaf on January 20, 2017, 12:35:26 AM

Quote from: r0ach on January 20, 2017, 12:13:26 AM

Quote from: coins101 on January 19, 2017, 08:54:09 PM

Whose got control of adamstgBit account and is censoring around here?

No idea but you have people that don't even know how Bitcoin works typing "Bitcoin is the new gold", then I post that it's not possible for Bitcoin to defeat metals as a store of value on Exter's pyramid and post is insta-deleted. Posting the simple objective fact that Bitcoin does not make metals obsolete is considered heresy. This is an economics speculation thread. Whether Bitcoin can or can't defeat gold or silver's market cap is part of the equation in quantifying price.

fiat beats gold's and silvers and ever other metal's market caps combined.

put that in you pipe and smoke it.

Fiat has always been a derivative of metals, a coupon to exchange for them. What essentially happened is that the bank defaulted on you and you were left holding the bag if you didn't turn your coupons in beforehand. Just like everyone who currently owns fiat is holding the bag still. Fiat can default. Bitcoin can essentially default if the thing becomes unusable somehow. Metals can't default because it exists as more than a concept.