Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by aesma (1)
Anyways, sunshine is calling.... too nice to be sat at a screen.
PEACE.
PEACE.
Don't go..
I was just getting accustomed to uie-pooie.
Gold also has some decently BIG issues with verifiability, too.
Do you mean when it's handled to you, how do you know it's pure gold ?
Yeah I would trust some institutions I guess but aside from that... Then you have to hide it somewhere and worry about it. It's only somewhat useable in the form of coins or mini bars and you overpay greatly for these compared to the spot price...
Looking for this I just discovered goldback notes, never heard of that before :
I don't know how to verify gold exactly without melting it down.. and then there are problems with melting it down for sure.. so it ends up going back to trust with the various stamps on the gold and from where the pieces came.. so then if they are getting exchanged a lot (because these are stamped pieces, that does not seem to be very divisible).
The ONE BIG problem with verifiability is not just on its own as the only problem because it then overlaps with the various other traits.. even if we could have various sizes of verified gold (would that even be practical?)..
Bitcoin solves so many of those gold problems all at once.. so why even fuck around with gold.. unless the Armageddon hits. and even then.. i question the practicality of preparing for Armageddon.. even though it has begun to seem way more likely that Armageddon could come since early 2020 as compared to its seemingly lower odds of coming prior to our revelations about the levels of pure vacuousness and precariousness of the world since early 2020.
What is crypto and it's markets? Does it relate to king daddy or to my lil precious in any kind of meaningful/relevant way?