Quote from: The Pharmacist on August 19, 2018, 08:58:06 AM

I won't argue your point about shitcoins, because you're absolutely correct, but as far as the statement about silver's industrial uses goes, that's just more propaganda. All of that silver used in industry is recycled. None of it is really lost. The US Mint alone is producing millions of silver eagles a year in addition to all of their silver commemoratives and proof sets--and there's enough silver around for all of the other mints in the world to basically do the same thing.

My point is that there no shortage whatsoever of silver, and it doesn't matter if it's being used in industry. You didn't explicitly make that point that there's a shortage, but I hear that argument a lot in the coinflation articles I mentioned. And it's bullshit.

Actually its the other way around, gold is mostly recycled and silver is usually not.

BTC is just electronic digits that are infinitely divisible so there will never be a shortage, it just depends what value you put on a satoshi. Supply is also only limited by a few lines of code that could be changed if the miners + big players decided to do so. Physical metals are finite and industrial processes and real world use requires a set amount and there is only so much you can keep pulling out of the ground (not taking in to account asteroid mining but that is generations away)

You cant argue the fact that the elite, governments and central banks all base their wealth on physical gold holdings and continue to accumulate it (except retarded Canada). Not one is hording bitcoin.

Central banks run the world with governments their public facing puppets. The minute they consider bitcoin a risk to their power base and control they will do everything in their power to end it. All the signs point to state issued cryptos in the pipeline and that doesnt bode well for "unregulated" crytpos.