Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
realr0ach
on 12/01/2019, 17:32:15 UTC
Physical metals, on the other hand, DO NOT have built-in middlemen like bitcoin
Fuck yes they do

No, they do not, and you just make yourself look like a lying scammer every time you post nonsense like this.  If I have a gold or silver coin in my hand and want to buy my neighbor's lawnmower, the transaction is completed and done involving only two parties.  If I want to buy my neighbor's lawnmower using bitcoin, I have to ask permission to a centralized miner if he will allow my transaction to take place at all or if he will blacklist my non-fungible token, then pay him an extortion fee to do the transaction.  There are more than two parties involved in the bitcoin transaction because bitcoin has built-in middlemen.

I hope your next door neighbor

1) Likes you enough to even want to transact with you
2) Wants your gold or silver
3) Has proper change for you when you buy 2 eggs for a gold coin, or you're fucked
4) Has a warehouse full of Amazon goods (that you need) in his backyard, because the " next door neighbor transaction" scenario is the only fucking example that you hang the hat of your entire argument upon

Nice attempt at derailment, but your argument did nothing to address the fact that there's only two parties in a peer to peer physical metals transaction while bitcoin has 3 or more due to having built-in, rent seeking middlemen (transaction validators).  Your lists of 'ifs' and 'buts' are completely unrelated, extraneous, irrelevant to the topic.