Post
Topic
Board Bitcoin Discussion
Re: 1BTC or 1oz of Gold. Which one would you take?
by
FalconFly
on 28/03/2014, 10:36:49 UTC
When it comes to increasingly long timeframes, anything digital is simply no competition to physical value, no matter what anyone wants to tell you otherwise (i.e. "as good as gold").
That's the advantage of being an older generation, over time you learned what value really means.

+1000  Great post.

That's only because physicalness has implied scarcity.  If tomorrow FTL space travel were invented and super cheap and we discovered a million earths rich in resources and suddenly physicality was as cheap and plentiful as digital things, then the "real value" of being physical would diminish almost completely.

That's basically true to some extend (but it would still have to be mined somewhere and the FTL travel to there&back would have to be basically 0-cost) - but what are the odds any of that happening in your lifetime?
I'd say for the next 100 years any of these possibilies are fairly close to 0 - all combined definitely a full plain 0.

When basing investment decisions on factors, I'd rather choose realistic factors going into that decision. But that's just me.
(I even assume mankind would rather bomb itself back to the stone age than unite as a civilization and go all-in to discover deep space)