Quote from: GreenBits on July 28, 2017, 02:25:53 AM

im saying all that to say this; want your opinion on if im doing alright using digital gold as a safe haven from bitcoin volatility, or should I just cash out and actually buy some metal, and sit tight. I know ill have more growth potential with the digital gold, due to aforementioned liquidity, but silver/gold are pretty solid. like, bedrock solid.

I wouldn't touch fractional reserve paper metals. I could type all kinds of stuff about it, but one of the more problematic examples is that they will be forced to revalue metals in the near future and when said event happens, they will settle everyone's GLD account into fiat USD spot price first and immediately revalue right after, so basically a confiscation in practice. Paper metals are 100% useless.

Quote from: Paashaas on July 28, 2017, 02:35:00 AM

Quote from: r0ach on July 28, 2017, 01:46:23 AM

Bitcoin has ZERO, I repeat, ZERO value as a settlement layer because there already exists far better settlement alternatives - noble metals (gold and silver).

For a ~~legendary~~ newbie member you know little to nothing about Blockchain. You dont know what the differences are between Bicoin and altcoins ore you do know but shilling for gold and silver.

Bitcoins blockchain belongs to the 4th industrial revolution it contains tons of value as a settement layer.

The word "blockchain" is just a hype marketing word to describe a linked list with a get rich quick scheme built on top of it. It is not a new invention at all or a "new industrial revolution". The get rich quick scheme was supposed to create incentive for a large mass of participants to enter, which would create some pseudo form of Nash equilibrium amongst thousands of miners, but it failed miserably in decentralization since PoW is designed to centralize and now you have just a handful of mining corporations. Bitcoin wasn't "created by god", it was just an experiment which did not actually accomplish what it claimed to set out to do.

And hell, that's just the decentralization aspect it failed in. It also needed to scale to have any value and that aspect went totally fubar as well since lightning network only works in a centralized manner.