Post
Topic
Board Bitcoin Discussion
Re: Gold has been down 90% Nobody said "Gold is Dead" - BTC is the New Gold - Right?
by
btc-room101
on 30/11/2018, 01:46:39 UTC
This is one of the most annoying comparisons that has been going on for far too long.  Gold and Bitcoin are not the same thing and there should really be no comparison.  A proper portfolio should be well diverse and having both gold and bitcoin can often make sense.


The comparison was that they both in recent historical history have seen near 90% total loss of value, that is as far as the comparison has gone.

If you dispute this reality, then what is a mother to say?

The reason for this OP post is that I have read far&wide in the past weeks that "BTC is DEAD", because of the 90% collapse in its total market capitalization, well then why haven't I seen that logic for gold? Well its because people are more comfortable with gold, and its not going to go away, well if your smart enough to HOLD it physically in your possession ( like they do in Asia ).

I think that is possible to have a crypto-currency, that is safe, secure, and private; The problem is bitcoin was not designed for that purpose, it was designed to be tracked, it was designed to be controlled, it was designed to be taxed.

People talk a lot about 'community' here but what they mean is status-quo corporate communtiy ( the true owners of the deep-state ), SHA-256 is NSA, ECDSA-SECP256k1 is NSA, everything about BITCOIN is NSA, which means that they have the back-door, as never in my lifetime have I seen NSA release a public-domain algo, where they didn't hold a back-door.

Libertarians such as the early promise of Satoshi, believed in 'power of the people', but its clear now that BTC doesn't empower people it empower criminals ( exchanges ), and it isn't safe, secure, or private.

CORE must make a decision, come out with a SECURE/PRIVATE bitcoin, or accept the fact that some new COIN will become the 'coin of the people'.

Crypto is great, crypto is the future, but there is a war, between absolute control of everything  by BEZOS/JACK-MA, and the little-people; Posting here is like being in the hornets nest, but people need to wake up, and choose the blue or red pill.