Quote from: buwaytress on August 30, 2018, 01:30:37 PM

Quote from: markj113 on August 28, 2018, 06:25:34 AM

Quote from: buwaytress on August 28, 2018, 06:13:51 AM

Pointless to "buy gold". All these banks and giants you speak off can do 10 times what any single person here can, in the blink of an eye. They don't even need access to physical gold. One phone call or email can get them any amount of paper gold via Comex probably at a deep discount too. No one cares that they're not even 1% backed by physical gold. That's how bad it's gotten for gold, and that's what futures could do to Bitcoin one day, who knows?

Kind of like bots on a crypto exchange then.

Paper gold is leveraged at over 500:1 to real gold, this has suppressed the price. At some point the number of people wanting physical delivery will increase then the house of cards will fall.

Precisely. If the diseased old structure of finance and money has infiltrated even gold, and OP is suggesting that all of us buying gold will kill the banking cartel, think again. When the house of cards fall, it won't be the banks that pay the price, but the man on the streets holding his paper promise of 1 owning an ounce of gold.

Quote from: First77 on August 28, 2018, 11:53:55 PM

Quote from: buwaytress on August 28, 2018, 06:13:51 AM

We're only halfway to that 20-yr mark, my friend. Care to tell me why Bitcoin has failed if you're here on this forum talking to thousands of users, and I'm here still earning and spending in Bitcoin?

expedia.com removed bitcoin as payment option. I read that shops/stores sell Bitcoins immediately after they get it as payment from fear of loss from price price change

Shops and stores don't sell Bitcoin immediately. The majority of Bitcoin merchants actually "accept Bitcoin payments" via a Bitcoin payment processor. It's the guys like Coinbase, Bitpay, Coinpayments etc. who take the Bitcoin from customers and THEN settle the payments with merchants with fiat. I don't have the numbers but almost all of the merchants I pay Bitcoin to are all using the payment processors I named... in effect, they never actually receive a single satoshi, nor do they even have a Bitcoin wallet. They receive fiat payments.

So expedia removing Bitcoin option probably just means they're ending their contract with Bitpay or whomever it was who processed Bitcoin payments for them.

In any case, this doesn't prove why Bitcoin has failed. Every time I take stock of how and where I can spend Bitcoin, the list and options only seem to grow.

I also think it is no point to buy gold to fight the cartel, even if you wanted to buy gold you would typically not buy physical gold but end up with paper gold, as most bankers would recommend to you as these are derivatives and highly compensated (big comission check for the banker) compared to physical gold.

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