Quote from: dohh on December 03, 2018, 04:16:02 PM

Goldbars can not be faked against any serious security check and can be sold to total morons only.

Same is true forks, so what's your point?

Quote from: dohh on December 03, 2018, 04:16:02 PM

And my arguments dont contradict, because You refuse to read them correctly. [...]

Hence my request for clarification.

Let me rephrase your statements the way I understood them:

Quote from: dohh on December 03, 2018, 03:33:21 PM

First: no other mining includes precious "deflationary" mechanism, that does nothing but lessens reward for same task exponentially. That is nothing else than pyramid, doesnt matter how You name it. It would be same, if Goldakatoshi somehow set, that after too years gold miners will harvest 2 times less than today, after 4 years 4 times less, then 8, then 16. You see how quickly it grows. So its fraudulent in its core.

1. Bitcoin's supply is limited, which is bad. The supply of precious metals is not limited, which is good.

Quote from: dohh on December 03, 2018, 03:33:21 PM

Second: Gold can not be forked. There are reserves to mine, or there a not. Simple. Forking, segwit and lightning network are nothing but delay mechanism for winning time for scammers (mostly early whales) to cash their early free coins in. No body know ratio of produced coins and those which are cashed in permanently, because of very low transfer fees, whales can trade coins between their own wallets and give impression of any "market price" which they can find idiots at.

2. Bitcoin's supply is not limited, which is bad. The supply of precious metals is limited, which is good.

Broken down like that, those statements are contradictory. Kindly point out the nuances that I missed.

Quote from: fxsurfer on December 03, 2018, 04:22:33 PM

Millions upon millions of men and women use gold daily to adorn their bodies. We all use electronics that have trace amounts of gold in them. Gold is used in dentistry, medicine, aerospace, and elsewhere. More than two-thirds of newly produced gold is utilized this way. Meaning, gold has utilization capacity and we can use gold to compare it with other goods or services. In that way we can determine whether gold is overpriced or underpriced. For example, we empirically know that a gram of gold has lower utilization capacity than a car, and higher utilization capacity than an egg. So if it is priced above a car, we would immediately know it is overpriced. If it is priced below an egg, we would immediately know it is underpriced. In short, things with utilization capacity are not scams.

Bitcoin and other cryptocurrencies have utility as well though. Monetary transactions, as enabled by Bitcoin, have utility, otherwise we would have neither banks nor credit card companies nor remittance services.

On the other side if you look at gold purely from a utility perspective, we are looking at a clearly over-valued asset. If industrial (and cosmetic) utility were the only determining factors, gold would (1) be less over-priced in comparison to other metals that see comparable practical use and (2) not run counter-cyclical to economic growth (unlike platinum, for example).