Quote from: realr0ach on October 17, 2017, 02:56:53 PM

Quote from: sidhujag on October 17, 2017, 03:20:39 AM

Quote from: realr0ach on October 16, 2017, 07:20:25 PM

Quote from: Hyperme.sh on October 16, 2017, 07:49:52 AM

Indeed. And that is a good thing. We had discussed in great detail why gold is a barbaric relic whose time is coming to an end.

Some old guys still take Bitcoin profits into gold or silver, but the younger (and even GenX) guys realize gold is dying.

You are fighting against the laws of gravity if you believe metals will be displaced by craptocurrency. I'll take the Joseph Tainter position any day on this subject matter. When complex systems implode, they don't shift over to an even more complex system, they either go backwards in complexity or enter a full dark ages. Complexity is not inherently good, it's a liability. Another crux of the Joseph Tainter argument when extrapolated to it's end point is that overspecialization is essentially a Fermi Paradox-style extinction level event. The invisible hand of nature will force chaos and implosions at random intervals to prevent this. The world doesn't want "total order" as you always reference the term as being bad/an impossibility.

Metals always survive these random interval re-orgs of nature because they are very basic elements and almost indestructable; craptocurrency does not. Not to mention craptocurrency being a far inferior settlement system with no reason to even exist due to not removing counter party risk and having built-in rent seeking middlemen (transaction validators - so called "miners").

Humans are not going into some type of permanent "knowledge age" as you seem to think. Cyclical dark ages are kind of inevitable in the grand scheme of nature's design just like economic cycles. If you actually did attempt to engineer some type of overspecialized "knowledge age", it would just make the coming cyclical dark age all the more severe and possibly lead to extinction.

Exactly we dont go back. Gold is a thing of the past. We already got past it with rate targeting fiat. Not thats replaced with crypto. Only fools cannot see that and keep trying to spit out flatout lies that gold somehow acts as a better medium of exchange even though its not even any more fungible than bitcoin. Flatout lying fools I tell ya! Hows that $600 btc sell into gold feeling right now.by the way? Coulda.shoulda woulda listened to me but nope.

Your argument against metals is entirely based around the fact that you used to own a lot of metals and then gave up on them before the generational cash-in moment came. To have an unbiased view, you have to own both metals and craptocurrency at the same time, and anyone who does own both tends to look at craptocurrency as a wretched thing that you feel like you need to ditch for more metals.

Im indian I own lots of metals trust me. But gold is old.. not buying more