Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Anon136
on 26/07/2018, 23:53:01 UTC


I didn't quite agree with this chart so I made some changes.



I start off with the assumption that fiat will be considered as cash or checkbook money depending upon which of those two puts it in a more favorable light for a given question but knock off a point for fungibility because of the need to switch back and forth between cash and check book money in order to achieve this.

  • first change to fiat fungibility mentioned above
  • the original author put the cart before the horse on non consumability of gold, the main reason why gold is not consumed is BECAUSE of it's monetary status. If it became demonetized than it would become a consumable resource.
  • checkbook money is very durable
  • checkbook money is very divisable
  • both cash and checkbook money are extremely difficult to counterfeit convincingly
  • and of course the one thing that gold has that makes it even a contender in this race at all is it's 5000 year history of value. no matter how much you love crypto and hate gold you would be a fool to pretend that this isn't relevant