Post
Topic
Board Bitcoin Discussion
Re: Bitcoins future is Bright
by
PSCQQSCQQP
on 30/08/2022, 20:25:07 UTC
Also I must stand to differ with your comparison on Bitcoin and Gold. Gold is a natural resource from the earth crust, and even the most experienced Gold miners can not determine the maximum supply or availability of Gold, but Bitcoin is fixed at 21 million. They also differ in their system of mining.
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Wow... 21 million of a digital asset as you call it that's already suffered countless hacks, most of which people are completely unaware of. Exchanges, as well as the most experienced individuals having their digital currency stolen or seized by hackers and governments. Public ledger - I can see exactly where  vs. you not having any clue about where my precious metals are. 6000 years of a physical hard asset that you can actually hold when the lights go out that has lasted through every collapse known to the world, vs a 14 year old man made invention. And if history is any indicator of who's going to be correct, let time and experience show you yet again.

Lastly, you won't see anyone using bitcoin or any cryptocurrency for that matter unless computers, phones, mining equipment (which require those natural resources from the earth's crust) in order to work are used in that equipment, so in that aspect the precious metals are used constantly to supply you with computers, and ALL electronics equipment. Without gold & silver being used, you have no bitcoin - as simply put as I can explain. Those precious metals are what make your crypto-currencies possible. Pay attention to the bigger picture, and not just some narrow minded view because you want to see bitcoin move a certain way.

No Gold & Silver = no electronics = no bitcoin. So lets review whats more important here.