“Gold is just bitcoin that can't be sent over the internet.” — Edward Snowden (2022-06-11)

Quote from: avikz on Today at 04:55:16 AM

Quote from: Jason Brendon on Today at 04:35:47 AM

BTC doesn't have to fight gold, does it? [...] You can have both BTC and gold. why force yourself to choose one over another? [...]

[...] On and off, I am seeing a frequent comparison between bitcoin and gold which doesn't really make sense! Even if we consider both as an investment, still they ahould not be compared!

Agreed. Bitcoin and gold are both freedom-money; and aside from witty quips that are food for thought, they have quite different characteristics that complement each other.

Instead of repeating myself in yet another one of these threads, I will simply—repeat myself.

[WO] Bitcoin and gold are complementary

Quote from: nullius on September 16, 2020, 05:19:51 PM

As a Bitcoiner who has also always been a goldbug at heart, I never understood why some Bitcoiners feel a need to bash gold. [...essay...]

Quote from: nullius on July 29, 2022, 11:51:28 PM

Bitcoin is an asset that by its nature will appeal to a certain subset of goldbugs: Technologically sophisticated goldbugs with a background in cryptography. Likewise, gold is an asset that will appeal to a certain subset of Bitcoiners: Historically and economically educated Bitcoiners. In my opinion, the two assets are complementary. A Venn diagram of their respective desirable characteristics would have overlap in the middle, on “sound money” and “freedom-preserving” characteristics; but it would be disjoint elsewhere.

Goldbugs who don’t understand Bitcoin will assume it’s a fad. Bitcoiners who don’t understand gold will trash-talk it, as I see sometimes in the speculation threads. But a Venn diagram of Bitcoiners and goldbugs should have significant overlap.

See also:

PSA: If gold were illegal... (Gold WAS illegal!) (2017-12-09)