/biz/ - Business & Finance

>>17938967
>cuck rock
>boomer boulder
>fedora nugget
>elemental so.y
>fool’s bitcoin

>>17938967
Gold is a guarantee to do well. Bitcoin is a huge question mark. Why would you bet on Bitcoin when you could just buy gold?

>>17939131
Because you can’t transfer gold online and we live in the 21st century

>>17939131
I don't want to store my wealth, I want to transform what I have into more wealth. I also believe in crypto as a long term project and want to support it however I can

>>17939131
>Gold is a guarantee to do well.
Assumption.

>>17938967
I want them to spitroast the dollar while silver jacks off to it in the corner.

>>17939191
That kind of thing is only really useful for a bunch of rag heads sending their cousin Muhammad jihad money for their cause without accountability. When are you ever going to be doing that in regular day to day life?

>>17939060
>>fool’s bitcoin
I like this one best. Had a good chuckle.

>>17939907
today i bought software from russians and sent them btc, any more questions?

>>17939907
lmao.
gold is out of stock literally everywhere in the world except minting headquarters, but yeah sure the ONLY reason why you'd possibly want to transfer gold online is to send it to terrorists with no accountability.

>anon coins will win
>but monero will die
>and zano will live

>>17938967
Guns.

>>17939131
>Why would you bet on Bitcoin when you could just buy gold?

most people literally can't buy physical gold right now. buying paper gold is like storing your bitcoins on binance instead of a cold wallet BIG FUCKING NO.

ease of transaction, compunded with divisibility ensures it's the future.

>>17939907
You lack vision

>>17939131
>Why would you bet on Bitcoin when you could just buy gold?

most people literally can't buy physical gold right now. buying paper gold is like storing your bitcoins on binance instead of a cold wallet BIG FUCKING NO, especially during a crisis.

ease of transaction, compunded with divisibility ensures it's the future.

>>17939131
because I don't give a fuck about making AT MOST just x2 of the money I invest

>>17939907
and all the right wing people banned from paypal?

>>17938967
The only value of money is in lubing up transactions so we aren't trading toilet paper for potatoes. I don't see that utility in either precious metals or current crypto.

If crypto ever went to replace current money systems there'd be governments, unions and other aspects of organized society involved in it's founding, just like every money system before it.

>>17941379
> 2× at most
Oh Anon you have been misinformed.

>>17941231
>monero will die

>>17938967
Bitcoin will win, but not without some serious drops. The Dow is heading below 7000 and S&P 500 heading below 800. The gold is held in some warehouse somewhere by some company that might declare bankruptcy. Sure the bitcoin is stored on some exchange that can get hacked but I still think it's safer than the gold company

>>17939131
The only reason anyone is in crypto is the hope of massive gains and you need high risk for that

>>17941783
You should be holding onto your own bitcoin in a paper or hardware wallet. Only move it to an exchange when cashing out to minimize 3rd party risk.

>>17938967
The green paper.

>>17941412
Terrorists.

>>17938967
Swiss Frank

>>17941173
Yup. Don't forget drugs and child porn too.

>>17941882
My apologies, I mean "The red paper".

>>17938967
Neither, buy guns instead.

>>17941921
Next reserve currency of the world is either crypto or the red paper.

>>17939907
I've actually used a few grand in BTC and other cryptos to pay for goods and online subscriptions. I have literally never paid for anything in gold directly despite having a few oz of it. I'd have to go to a coin or pawn shop, fuck around with them trying to jew me, get cash, and use cash in person, physically send the cash in the mail, or use some cash sending service. Risk and fees galore. Then I might be left with cash left over because selling a couple grams off a 1/4oz piece is impossible without losing even more money.
Bitcoin, despite the flaws, is totally fungible and liquid with low transfer fees. It's impossible to fake (without EVERYONE knowing), easy to move, and very convenient. Gold is not. Gold is a pain in the ass. Gold is risky to buy and sell. Gold is not a good general currency.

>>17942188
The only currency that deserves it's title is the one that keeps your fridge stocked, electricity, plumbing, waste management and general infrastructure running. Some guy who bricked 200 GPUs without providing any service or goods to buy pot online doesn't make a currency.

>>17939060
>boomer boulder

>>17938967
the youth are immune from coronachan + the youth are more impatient...therefore millienials and below are going to lead this economic recovery with crypto.
the politicians will catch on to these "green shoots" and one of the unexpected results will be a flurry of laws that enshrine cryptos legal status in law.

>>17939191
https://youtu.be/0cNwaA5sNr8

do you accept GOLD?

>>17938967
Cash is king baby BRRRRRRRR

They'll probably both do well. It's the green cotton paper that's gonna take a beating.

>>17942509
>Company declares bankruptcy
Safe

>>17939131
yeah, gold has been doing reaaally well in this current crash

>>17942606
1 gold oz will always be a gold oz. Maybe when the depression happens, you'll be able to buy a box of canned soup with it.

>>17942635
1 btc will also always be 1 btc, faggot ;)

>>17942411
I can pay my electric bill and buy food with my BTC because there's an infrastructure for directly using it with existing credit and debit systems with very low fees. I can withdraw it into cash at any ATM as well. If all this infrastructure falls over, I can do direct transactions with people using easy to use software that works on a phone. In this situation, I'd probably be buying food $500 at a time, and I could work with management to transfer the funds. You'd have to do the same thing with gold, because they'd have to weigh and test it. The BTC is actually easier and lower risk even in this situation. This is the power of true fungibility.
If even the internet is gone and mining is dead, well that's why I have a few oz of gold and a kilo of silver. I consider this kind of scenario to be basically science fiction though, and even if this happened we'd be back on some other system soon enough. Metals are just too inconvenient.

>>17939907
I bought a VPN sub using crypto the other day and it was smoother than using my card, didn't need any of my personal info either

Meanwhile I've never actually even bought gold before. Why would I?

https://youtu.be/aZ0T6RwJYPc

>>17939131
because i don't care about your guaranteed boomer gains. i'm all in chainlink

>>17941231
Monero is the only uncucked cryptocurrency left---that is, legitimately untraceable shit you buy to pay for things instead of trading around itself for get-rich-quick schemes.

>>17942731
You can have some company hold it for you.

>>17938967
Why not trade uranium?

>>17941882
It literally has a Moloch owl on it. It's Satanic fake money that's a representation of debt, not actual value.

>>17941921
That's beautiful toilet paper.

>>17938967
They have equivalent intrinsic value

>>17942767
Half the fun in owning boomer rocks is holding it yourself though, isn't it?

>>17939907
you buy my coffee with BTC

>>17942712
You don't need internet or a network to transfer data locally. Won't go on a ledger but there will be programs to test authenticity of currency same as we now test for legit gold and bills.

>>17942188
>Gold is not a good general currency.
Gold is $100 dollar bills to Silver's $5 / $10 bills.

is it possible to safely invest in crypto if you're not an autist who spends all day monitoring the prices?

>>17938967
whichever one is provable, audit-able and easy to transport.

>>17942931
Yes literally all you need to do is buy and hold BTC, ETH, or LINK. Preferably LINK

>>17942959
Isn't it a big assumption that they won't eventually lose their worth?

>>17942959
>ETH, or LINK
This isn't 2018 anymore.

>>17942976
You mean go to 0? Literally impossible. They could lose 90% of their value though when the Dow crashes below 7000 and the banking system collapses, but soon after that its +5000%

>>17942976
no man, number go up don't you get it?

No I get it, but honestly everytime I explain this shit on here I lose more enthusiasm than last time. I don't really feel like going through all of it (again) so I'll just simply just say it's mathematically impossible for LINK tokens to be worth less than $100-1000 if it's used by the intended parties. I don't really know much about ETH I just know it's just up there as one of the big three and still has developments and users. Also most other coins are built on it's network. BTC is obvious because it's what all the normies think of. It's really as simple as supply and demand. If BTC increases in price with such a limited supply the only thing that could hurt BTC long term is being forgotten about, which at this point I don't see happening.

>>17942996
whoops you're right, I should exclude ETH from the list

>>17938967
https://m.youtube.com/watch?v=jfx7PnMtCeY

>>17943137
>if it's used by the intended parties
And 3 years later, it still isn't.

>>17942767
>Your Car
>Used Man

>>17943198
Oh I didn't realize market changing software could be miracled into existence in a matter of months with all the intended support ready and waiting

Guess it's a scam, you better not buy any

back to the discord with you, tranny

>>17943267
>in a matter of months
Lern2Reed zoomie.

>>17943320
You're literally incapable of abstract thought, amazing

You said 3 years, that implies that it would take 3 years to develop meaning you expect it to take less than 3 years for said events to happen. The 3 months was obviously an exaggeration you autistic monkey

>>17938967
Stop your binary thinking and you will get waaaay further in life.
Both will win, given enough time against the USD.

>>17942894
If you have an offline ledger then you can check to see if the sender address had the funds at some point, but you can't ensure the funds are not being doubly spent. This is a moderate risk scenario, but it might be acceptability if you can still sync with the rest of the network periodically and you know the identity of the buyer (so you can collect).

>>17942925
That's if you have GRAMS of gold, and if fiat collapsed then a oz would be more like the equivalent of 10k, making each gram about $300. Fuck.
Silver is better in that respect, but it's obviously being manipulated like absolute mad, and it's really heavy for the value it carries, even at $100/oz. I can carry 100 BTC on a piece of paper, or even in my head. I can carry it with me everywhere without anyone knowing, and I can give it to someone in a breath. I can send it by post hand encoded with a simple cipher. I can stamp it onto a bronze plate and bury it in less than an hour. I can split the recovery key into pieces and give a few parties a part so none of us can spend any of it without everyone agreeing. It has incredible utility.

>>17943501
There can be only one. Why do you think gold killed silver's monetary premium? Scarcity matters, and Bitcoin will be far more scarce than gold.

>>17943448
>You're literally incapable of abstract thought
>it would take 3 years to develop
I guess Chainlink development started 3 years ago, hunh zoomie. You're right, it's a lot to handle when you start development of a project the same time you launch it while trying to juggle advertisement---we all know how difficult and time-consuming it is to pitch a product to people who supposedly have the need for it, especially if said product's quality is indeed high.
>The 3 months was obviously an exaggeration
As well as a fallacy.

>>17941145
>today i bought software from russians and sent them btc, any more questions?
can you share more? kinda curious what kinda sw

>>17943524
Not sure where you are going with this. Both will still win against USD and QE 4+, given enough time.

>>17938967
internet goes down, poof your btc is gone

>>17943504
Well you can see the intended comparison was that gold is extremely difficult to divide and thus impractical for cheap goods. Bitcoin seems to have the same problem however, otherwise we're going far down into the decimal places.

>>17941868

this
a lot of people are going to lose their crypto if it's being held in certain exchanges and online wallets. put it on the blockchain yourself, no one can fuck with it.

>>17943607
>online wallets
that's just such a silly concept

>>17943586
the internet was made by the military so it could never be taken down

>>17943653
I assume they mean internet access, not the WWW.

>>17943653

>>17943641
>being able to communicate with someone from anywhere
that's just such a silly concept

>>17943582
Gold always was more scarce than silver, but when Germany went on the gold standard the amount of people using increased such that Gold's stock to flow overtook silver and destroyed any monetary premium silver had.
Bitcoin is going to do to gold what gold did to silver. Screencap this.
https://www.imf.org/en/Publications/WP/Issues/2019/02/15/Destabilizing-the-Global-Monetary-System-Germanys-Adoption-of-the-Gold-Standard-in-the-Early-46548

>>17943704
>being able to communicate with someone from anywhere
no, that's if there were drones flying around you can call to take money you intend to exchange and send it to the receiver
you still have your wallet right on you in your ass pocket

on one hand you have a physical object used as currency since the dawn of times, and on the other you have a virtual asset relying on the blockchain, a giant networks of miners who need constant electricity production and the internet to work
come on let's be real, If you have to chose between the two for a safe haven you choose gold, if you want to gamble you choose btc

>>17943740
Looks like you like talking past folks. Don't do this. Both BTC & gold will win against the USD, given enough time.
I can also read between the lines and determine that your portfolio is both very small and extremely undiversified (<500k). You can offset losses with gains to reduce taxes.
^ Another protip when you have accumulated a descent amount of dough.
>>17943740
Looks like you like talking past folks. Don't do this. Both BTC & gold will win against the USD, given enough time.
I can also read between the lines and determine that your portfolio is both very small and extremely undiversified (<500k). You can offset losses with gains to reduce taxes.
^ Another protip when you have accumulated a descent amount of dough.

>>17943829
You're making an apocalypse assumption. If SHTF where I live, I'm moving to some place that has their shit firmly together, including a still-working internet.

>>17943873
Austrian economic theory reveals that the money used in a given society always trends toward the hardest thing to produce, and Bitcoin is destined to become more scarce than gold unless someone can stop and kill Bitcoin.

>>17943902
>Bitcoin is destined to become more scarce than gold
In what sense?
Because Bitcoin is still being mined---don't know much mineable gold is still out there, and we know a shit-ton of countries are forever hodling it in their reserves. And alchemy's not getting popular anytime soon.

>>17943962
>In what sense?
Stock to flow.

>>17938967

Neither, separately.

>Gold backed Bitcoin.

>>17943873
I can read between the lines and can use my crystal ball and divination techniques to reveal that you're full of shit and don't comprehend monetary history. Owned, nigger.

Bitcoin is literally retarded. Some Japanese cuck types something up and every faggot buys it.

>>17943740
looks like germany had a superior bargaining position following the franco prussian war. they used this power to force france into a position of subservience. france having much higher silver stock, would have diluted germany's buying power.

so at the end of the day, germany's military power ensured gold's prominence over silver.

>>17944115
Yeah. Getting more people onto the gold standard increased the demand for the scarce good whereas before they did not demand and use gold because they did not have it.

Scarcity is only half of the equation, demand and users is the other. Once you have both, you drain the monetary premium of the previously used money. Gold cannot compete with Bitcoin.

>>17944115
>>17944153
Consider platinum, which is more rare than gold. Why isn't it more expensive? Because no one demands it. Because gold has established users.
More people will use Bitcoin than gold because it is the fastest and most secure way to move value around.

>>17944018
Someone decided that Gold would be the worldwide currency too, fuck off, tool.

I can't even buy shiny rocks! 20 day delay? The trumpets will have sounded and the heavens opened by then.

>>17944287
Fun fact, the gold is so perfectly annealed in heaven that it is literally transparent like glass.

>>17944287
>I can't even buy shiny rocks!
Consider it natural selection.

>>17944015
Hold both. Large portfolios have to hold both (not you).
Lol. Good luck.

>>17944354
Gold has less potential upside. A fraction of a portfolio in Bitcoin will outperform a larger gold portfolio. A considerable portion of Bitcoin's upside will come from the monetary premium of gold being lost.
You seem insensitive to bring up my holdings, you have no idea how much Bitcoin I have. I wonder what else you are arrogantly ignorant of.

>>17944431
You seem insecure*

>>17942524
BASED

>>17944153
>>17944196
germany's military power ensured gold's prominence over silver.

the nations states of the world will never use btc as a base. because the don't control it. they will issue blockchain based currency instead of btc. finance is the tool to control the general population. it cannot be allowed to evolve on its own.

gold can be moved onto the blockchain. but the blockchain does not exist in the real world.

>>17944431
>Gold has less potential upside. A fraction of a portfolio in Bitcoin will outperform a larger gold portfolio.
Maybe - but what if you are wrong (e.g. Trump, it's just the flu, etc.)?
If you have a lot of money then you have to diversify income streams and investments so that you don't blow up given particular scenarios.
BTC exchanges could be forcibly shutdown by the US government, 51% attacked by a state actor (USA), or cryptographically broken in the near/far future.
BTC is not fool proof.
Both have potential upside against the USD.
Nothing is guaranteed. Thus, the big boys diversify. Or, they eventually blow up.

>>17944553
>Government thinks they can prevent BTC

>>17944517
Trusted third parties are security holes. Bitcoin doesn't need anything physical to back it, because the soundness of cryptography and the energy securing the network secures the protocol. Gold can be moved onto the blockchain, but who gives a shit what a blockchain says if the gold can be moved without the blockchain?
Governments will flock to Bitcoin because other governments cannot control it.

>>17944553
I'm not wrong. Bitcoin is not fool proof, but each day governments failed to kill it is more information that they can't kill it.

>>17943586
based

>>17944596
The US controls the internet and swift banking. The US can shutdown exchanges, make transactions illegal (have you bought or sold cryptocurrency within the past year when filing taxes, this year), cryptography can be broken, and they have enough $$$ on deck to 51% attack the network (ref: Vitalik, the actual cost for a state actor to attack the network)
>>17944627
The US has not tried to kill bitcoin.

>>17942466
If the USD becomes BTC's more liquid bottom bitch, like silver to gold, then I think all will be well but I could be wrong.

>>17944627
>Bitcoin doesn't need anything physical to back it, because the soundness of cryptography and the energy securing the network secures the protocol.

fiat dollars doesn't need anything to back it. because the soundness of military power and force of law secures it.

blockchain is important for gold because it can potentially be traced from mine to minter to retail.

governments don't need btc because they can issue their own blockchain currency. this is how bilateral trade agreements work without a common reserve currency.

>>17944715
>The US has not tried to kill bitcoin.
You're right. Drugs are easier to ban. The US has been trying to ban it for years but can't pull it off.
Good luck banning math that people have a financial incentive in adopting themselves.

>>17944735
Force cannot solve a complex problem, force will therefore not stop Bitcoin.

>>17944735
You'll need to trust the governments when you use their currency. Bitcoin was invented to avoid centralized trust -- a government crypto reinvents the problems that Bitcoin was invented to solve.

>>17944759
I am right.
If you got the dosh, you hold both; because you don't know, what you don't know.

>>17944759
if we are the last 2 conscious beings in the universe and we disagree i can kill you. thereafter my debate position will be automatically be correct. as there will be no other to dispute this.

force is not required because people have no reason to use btc when the gov't can simply tax each intermediary step to convert to the current circulating currency.

gov blockchain currency is trustless because it's blockchain. that's literally the premise of blockchain. an immutable ledger.

btc has failed as a circulating currency. it's only function now is a spec asset.

>>17944830
Safe bets pay less. Take calculated risk when you're young because you won't be able to afford it when you're old.

Do you believe hard problems exist or do you think they are illusions?

Issue I have with Bitcoin is the simplicity of setting up wallets is not there all the way yet. One wrong character and you lose your bitcoins. Using it as cash is not viable because of the block size. As time passes, Moore's Law will have to keep up. The more hashing power, the higher the difficulty and security. I see Bitcoin as more of a global payment service that initiated the working protocol of decentralized money. It still has some centralized aspects to it like needing people to keep their miners running. I feel like it's a precursor to better ideas which haven't been figured out yet for decentralized money.

Gold is gold. Has thousands of years under its belt as a store of value and as a commodity or used in computers and jewelry. You can't determine how much of it there really is and you can't send it globally in a few minutes to an hour like Bitcoin.

>>17944830
>>17944553

I agree that an asset-diversified portfolio is the way to go. I have 5% in crypto and 5% in silver (was hoping to get at least 1oz gold but I only started stacking last year :P) both as a hedge.

>>17944931
>gov blockchain currency is trustless because it's blockchain
You have to trust the government to not change history, not change the supply, to honor your transaction, to not fuck up the protocol, etc. You demonstrably don't comprehend the nature of trust.

>>17944759
Bitcoin is valued in fiat more than it creates value in itself. How many use Bitcoin or have interest in buying Bitcoin for its own value? How many value Bitcoin in US dollars and hodl it thinking it will keep going up in fiat value? It's a hedge against fiat in uncertain times, and yet it dropped hard during this recent stock dive.

>>17944791
>Bitcoin was invented to avoid centralized trust
Okay and who produces most of the hash power? China. So the mining is centralized. Bitcoin is not 100% decentralized in every way, shape, or form. It was in 2009. Times have changed. If you KYC your bitcoin wallet, it's no longer anonymous. And bitcoin trading is taxed now too. So it's not completely trustless.

>>17944967
you said blockchain is trustless. i don't need to trust the gov. because i trust the blockchain. they change it, it forks. users can ignore the new fork. and btc has already forked.

you ignored my other points as well.

society operates on agreed upon laws. and through that channel, btc can be banished to oblivion.

>>17938967
>The backbone of every economic system since the dawn of human civilization.
>reddit credit.

>>17945080
>Bitcoin is valued in fiat more than it creates value in itself
What is mining? What is barter and exchange of goods? A lot of people speculate with it today, because dollars are popular, but do you sincerely believe that it will always remain this way?

>>17945080
>Okay and who produces most of the hash power? China.
More mining is coming back to the states, ASIC are getting commodified, mining is becoming increasingly decentralized. Do you sincerely believe all miners in China are under the control of a single entity? Have you not learned anything since 2017's UASF? Bitcoin is not completely trustless, but it avoids trust more than any other digital payment method.

>>17945164
I never said that blockchains are trustless, I said that Bitcoin avoids centralized trust. It is by no means perfect, but it is getting better as time goes on. Blockchains are not magically secure because they're blockchains: it takes energy to secure them and immutable. Bitcoin has the most energy of all blockchains going into it by a long shot, not blockchain comes close to the security of Bitcoin's.

>society operates on agreed upon laws
Rich people control what happens. Laws largely do not matter, especially when they cannot be enforced, like drug laws.

I ignored your other points because they're largely irrelevant and demonstrate that you don't understand how cryptography makes violence and force irrelevant. You cannot force a hard problem to reveal itself via threats and nukes.

>>17945080
Bitcoin was far more centralized in 2009, both in terms of holders and hashpower. It is far more difficult to attack today.

>>17938967
food and guns

>>17945293
>Rich people control what happens. Laws largely do not matter,

and rich people will decide btc is irrelevant.

>You cannot force a hard problem to reveal itself via threats and nukes.

law is soft force backed by hard force. did you want to convert your 1 million usd/btc holding? sure! but you need to give the gov 50% of that as tax paid in btc. and through that method gov can slowly accumulate btc. if you don't, we will come and take all your physical property and make all sorts of onerous restrictions upon your person.

you sound like the person who would say that a boot on your neck wouldn't make you give up your private key.

>>17945484
>and rich people will decide btc is irrelevant.
How do you know? Wouldn't they be tempted by the upsides to adopt it? They'd have a hard time proving who owns what if you get into it.

>did you want to convert your 1 million usd/btc holding
No, I don't want to convert it. The point is to use Bitcoin as currency.

>a boot on your neck wouldn't make you give up your private key.
I can't give that information up even if I tried. It is in a quorum and is timelocked, it would take about 600 days to produce the information required to take my coin.

>>17939801
based coomer

>>17945568
>How do you know?

because rich people play to win. and they make the rules; then play the game. they don't join a game in progress. they'll make their own blockchain. and since they supply the goods/services you already use, you're gonna use their blockchain. you can use btc on their system but again, at a horrendous punitive rate.

>No, I don't want to convert it. The point is to use Bitcoin as currency.

you have to convert if you want to buy goods seeing as the USD is the world reserve.

>600 days to produce the information required to take my coin.

we can wait! enjoy your gps collar homestay without internet access.

have fun dude. i actually have work to do. instead of speculating on assets my efforts generate value to society. as long as i have skills and capital i can succeed in any monetary system.

>>17945568
Cant use Bitcoin as a currency if all the goods and service providers don't accept it. Some do and more are either here nor there on that. Bitcoin Cash is growing interest as an accepted crypto of choice for a payment. BTC is not functional as cash with fees soon to go up with more prioritizing of transactions. It's completely speculative and has no intrinsic value. We don't measure it in units of electricity. Sorry to say, but Bitcoin is not ever going to be the global reserve currency. It's a leap towards something that might be it. Blockchain is a great invention for timestamping and for proof of information. It's just not a good model for the main money of the world. As long as you have traders speculating on it instead of spending it like money, it's basically tokens used in gambling. There was a reason for a poker client being included in the vert first version of the bitcoin software.

>>17945913
>Bitcoin Cash is growing interest
Opinion discarded. Hashrate is too low to put even $0.01 of value into it. I sold my Bitcoin Cash from the fork back in January 2018 and never looked back, each one earned me 1/5th of a Bitcoin.

>>17945857
>because rich people play to win
And they'll go with wealth that cannot be seized, because they're sovereign and keep much of their untaxed wealth in off-shore bank accounts, as seen in the Panama Papers.

>you have to convert if you want to buy goods seeing as the USD is the world reserve.
That will not be true forever. I pay rent, buy food, and other things in bulk when Bitcoin appreciates in value, and I buy more sats when it goes down. Been doing this since 2012.

>we can wait! enjoy your gps collar homestay without internet access.
You are showing how impractical it is to enforce this. Lawmakers own Bitcoin in America, the fact you see more regulation popping up shows that they increasingly do not want to ban it, but even if they did it would thrive, like drugs.

>as long as i have skills and capital i can succeed in any monetary system
gfy, anon. I worked and bought Bitcoin these past eight years and retired last Friday.

>>17943589
160 satoshis is one cent right now. There's a $1-2 transaction fee depending on network load but BTC is really for moving big money. There are other blockchains designed to be faster with much smaller fees. The thing is, you can convert between them all trivially, instantly, and automatically. Handle it yourself by having an offline wallet, automatically send funds to a conversion service for use, or use it to top up a debit card. Do whatever you want easily. That's what these cryptocurrencies truly have over things like gold or cash: Options.

>>17943688
The WWW runs on the internet, and so do blockchain networks. The WWW can be used as a portal into chains through webservers set up for it, but they're independent. The WWW is just webservers handling http traffic for browsers.

>>17943962
Depending on what theory you subscribe to, first off, gold primary scarcity is due to it being extremely dense, meaning it's concentrated far below the crust of earth. So, if we were to travel to say, Mars, and begin mass excavation for minerals in the next 100 years, they would likely find massive amounts of gold, thousands of times more than in reserves on earth, crushing the value from a precious metal and turning it in to a standard industrial supply material, while btc will still be getting cranked out at a steady pace, regardless of how much energy and resources you throw in to it.

>>17938967
Decentralized
Autonomous
Organized
Native
Interchain interoperability
>>17944243

Gold is old hat, it has no development behind it. Bitcoin is a tech stock, people are buying to gain from future growth of the technology; speculation.
In a good bull market, bitcoin will probably out compete gold.