Quote from: r0ach on June 09, 2017, 05:52:56 AM

Quote from: Torque on June 08, 2017, 09:02:27 PM

Scenario:
Apocalypse happens,

So tired of people claiming gold and silver are only useful during a zombie apocalypse. The last time I checked, the percent of time metals are used as money is about 4 billion times higher on normal afternoons than mad max scenarios. As for why everything except silver and gold are trash:

Quote from: r0ach on June 09, 2017, 05:11:34 AM

The real question is, why would anyone use such a thing over gold and silver? It's blatantly obvious no cryptocurrency is an actual store of value. How could such a thing be that doesn't even exist in the first place? That's why it has the word "currency" in the name cryptocurrency and not "money". All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains. Since money is a zero sum game, allowing anyone to pretend to be god and act as a central banker issuing currency for profit is a master and slave dynamic. Hence anyone not using gold and silver is a slave.

Bitcoin kind of tricked people into thinking it replicated those dynamics of gold and silver, but in reality it's designed to centralize into a rent seeking usury system controlled by mining cartels, and those are the new central bankers. So the fact still remains, anyone not using gold and silver is a slave.

This was already addressed here:

Quote from: thejaytiesto on June 07, 2017, 05:33:33 PM

Quote from: r0ach on June 06, 2017, 11:43:41 PM

Quote from: sidhujag on June 06, 2017, 02:29:40 PM

Guys like you always lose. You will spend your life fruitless i know people like you. Stuck in their ways cant see the market. Dont try to make the market do what you want do what the market wants. Gold is hopeless.. it was left behind for a reason. Commodities are headed back to utility value and under that to test miner resolve. After that we will see black swan which will send it to some nice lows. Then we will see.

What a load of shit. A "black swan" to send metals to "nice lows" HAHA. The only black swan capable of doing anything to metals is a black hole swallowing the earth. Meanwhile, there's about 1 million black swans that can destroy bitcoin. So many liars in this thread claiming bitcoin is a more sound monetary system. Anonymint has also jumped on the lying bandwagon where he used to parrot Armstrong's claim that the purpose of metals are "a hedge against government", then he started claiming cryptocurrency is better than metals except cryptocurrency provides no hedge against government whatsoever. Cryptocurrency is a massive counter party risk to government. You're using the governments infrastructure to even use it for fucks sake. So by his own definition there is no purpose to cryptocurrency.

This doesn't seem like a good hedge against government. Sure laws are laws and they are there to be (or not) followed, so you could hide your shit, but it's still there somewhere and they can find it.

If you hide a bitcoin wallet inside an encrypted hidden volume you can claim plausible deniability. So gold being a physical thing (that so many goldbugs love because "if you can't touch it then it's useless") is its greatest mistake.

Also have fun trying to cross any borders carrying gold. Tbh gold is useless in a post-encryption environment. Sure, there's a lot of problems that come with using something like bitcoin, but overall it beats gold as "a hedge against government" in my book.

If bitcoin forks tho, and we get 2 fucking coins... then yeah, it probably failed as a store of value, but it's doing good so far.

Quote from: r0ach on June 09, 2017, 05:52:56 AM

All currencies are inherently worthless and go to zero on a long enough timeline, while only gold and silver remains.

You know what else goes to zero on a long enough timeline? your life, all billionaire's lives and their power delusions, all money, and eventually the universe itself.