Gold or Bitcoin - Which could become worthless/obsolete first?

Discussion in 'YouTube Digest' started by Silver2012, Apr 6, 2014.

  1. Silver2012

    Silver2012 New Member

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    Silver2012, Apr 6, 2014
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  2. 10ozhound

    10ozhound Active Member

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    This: [​IMG]
     
    10ozhound, Apr 7, 2014
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  3. Load of Bullion

    Load of Bullion Well-Known Member

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    Bitcoin is a major invention in cryptography. It is also regarded as an ongoing "experiment" by Bitcoin developer Gavin Andresen. I could not agree more. Bitcoin may completely fail due to yet, unforeseen circumstances. Big deal. Humans have developed technologies and some of them survive while others don't. Gold does not function as a digital payment alternative to banks and businesses generally don't accept gold as payment despite it being referred to as money. People want to communicate and transact via digital means due to the ease of it all.
    Comparing Bitcoin with gold tends to get silly pretty quickly. At this point, the Bitcoin market cap is at least 3 times less than Barrick Gold, one gold company!.
     
    Load of Bullion, Apr 7, 2014
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  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    JulieW, Apr 7, 2014
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  5. TheEnd

    TheEnd Well-Known Member

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    I have said it many times before.....They (the gov.) CANNOT tax a crypto currency .....therefore thye WILL NOT use it to survive the global financial collapse.
     
    TheEnd, Apr 7, 2014
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  6. BiGs

    BiGs Active Member

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    Of course they can implement taxation on a crypto. They can tax any system of currency if it is required.
     
    BiGs, Apr 7, 2014
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  7. TheEnd

    TheEnd Well-Known Member

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    O.k well in that case they will tax Crypto currency and not Gold/Silver.
     
    TheEnd, Apr 7, 2014
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