Quote from: 1Referee on February 12, 2019, 10:24:36 PM

I really do enjoy seeing how Gold bugs blindly try to shill their bags, which very much reminds me of what we see in the crypto space.

I once saw a discussion between a hardcore Gold fanatic and a journalist, where the fanatic pointed out how you can spend Gold in every store by first converting it to US dollars, and then spend the dollars, which makes zero sense. What it does is point out even more how useless Gold is as local currency for day to day transactions.

I can see some utility when it comes to large transactions settled with physical Gold, but that's about it.

You can do this with Glint, links allocated gold holdings to a mastercard:
https://glintpay.com/

Traditional gold holdings are not for daily spend either, they are for long term preservation of wealth.

Quote from: Crypdon on February 16, 2019, 10:17:44 PM

Only people buying gold are those who aren't modern or smart enough to buy bitcoin. Someone tell them to sign up at coinbase, it's a simple exchange and even n00bs can buy a bitcoin or two

I'm sure those that bought BTC near $19k are feeling really smart right now.

Also with regards to being modern, most of the electronic world we have currently uses gold to function.