Post
Topic
Board Bitcoin Discussion
Re: Bitcoin defeating fiat is very unlikely
by
fulcare
on 09/12/2014, 14:48:17 UTC
Let's say the Dollar and various fiats died next week, all the people unless they were holding assets like Gold or tangible assets and Bitcoin owners are safe and even prosper.

Don't you even bother to check history before spouting delusion?

Gold rarely holds its value when there is total collapse. Rather it is food that becomes valuable and the gold gets buried because it can't be spent. Rice was money for 600 years in Japan. Food was money during the Dark Age in Europe, not gold.

Gold only has value during brief periods of government failure, and where the gold can be moved into a new fiat asset that is functioning. If fiat fails totally, then gold also fails. Study history!



Seems to me you are quite the fuckwit. Firstly do you want me to post charts of countries right now where the currency is being devalued and Gold is making a moon shoot?

Gold means you weather the storm and come out the other end with your assets intact ie money, the fiat in your pocket however in a total currency collapse is toilet paper and will never recover and no one said having food supplies isn't also important though most modern collapse in recent history like in Argentina people weren't starving in the street, they just lost the wealth they had accumulated over for some a lifetime.  You misunderstand price for value ie wealth.  Its a common misunderstandings among children and old ladies so don't take it too hard.

Check your history? Why the fuck would I do that based on the Assclownery you think is knowledge.


PS Bitcoin can't be debased like fiat yooooooou fuuuuuuuuucking flid.