/biz/ - Business & Finance

gold is not worth what it's worth today because of its physical properties, if you think that you are retaded

>>57836811
gold can't magically teleport

>>57836828
>>57836841
>posted from my phone/computer that uses gold in the circuitry

>>57836811
Gold used in tech makes up like 6% of the demand.

>>57836828
>used in literally everything that supports crypto
Do you have the stupid? There's no crypto without gold and silver. They're required in every computer.

>>57836841
oh shit nvm. gold can magically teleport but we haven't advanced that far yet. for now there is bitcoin

>>57836811
Bitcoin shorts central banking jewish fiat currency.

>>57836855
Not the point, it does something /aside/ from have value (which is what creates the value)

>>57836811
it makes the ignorant like you seethe. The time to figure out these questions was many many years ago. True thoughtful metal boomers already asked these questions and figured them out and moved to bitcoin a long time ago. I for instance had shiny metal rocks well before you did. I'm just going to laugh in your poorfag metalschizo face at this point not spoonfeed you when you quite baselessly assume a smug attitude.

>>57836851
no one is saying gold DOESN'T have some physical properties lmao, we are saying it's not the reason it's considered a store of value
my computer is also made of plastic and other metals that aren't stores of value

>>57836931
>>57836912
Right but what can I actually DO with a bitcoin?

>>57836882
>(which is what creates the value)
nope, absolutely not. It's simply not how it works, kid, i'm sorry if you haven't figured it out yet

>>57836811
Umm yeah people totally buy gold to conduct electricity lmao

>>57836956
I get that it has a FIAT-money exchange rate which is interpreted as "value" (because it's being used as a standin for FIAT money) but how does a Bitcoin, in and of itself, have any value?

>>57836953
You can send or carry value anywhere on the planet in a decentralized manner, and completely securely as long as you have your 12 word seed phrase memorized
Retard

>>57836980
Every phone on Earth is made with gold in it.
People buy jewellery made with gold.
What do people make with bitcoin?

>>57836953
irrelevant. What can you do with an apple? A lot of cool stuff, you can eat it and literally survive. Think about it! You can't even eat gold, if you were about to die of hunger would you prefer to have an apple or gold? Gold would be useless then. Does it matter for the value of apples vs gold? No it doesn't.
So what can you do with bitcoin? A lot of stuff, like sending it anywhere in the world and still have it with you anywhere in the world. Try to leave your continent with a bag full of gold bars (or even money). Good luck with the cops!

>>57837016
Apples aren't valuable because they degrade over time, that's why we don't trade in apples for products.

>>57836981
1. Money is essentially just a ledger or something.
2. USD is just a ledger on some banks server owned by jews
3. Bitcoin is a a better ledger

Is it that hard to understand?

>>57836811
I can swap it for LINU

>>57837009
That doesnt give gold value. Well it does but only like 2% of golds value is derived from that. Rest is monetary premium

>>57836882
>not the point
Yes it is. It's cash value doesn't come from it's practical purpose. Gold would cost much less if it was only used for tech.
>it does something aside from have value
Decentralized secure banking is a service.

>>57837037
>Apples aren't valuable
of course they are, they cost some money just like gold and bitcoin do
gold is not considered valuable because of its physical properties or the fact that's used in phones lmao
you either get this concept or you don't, you could just google it actually or simply listen, but you are just here for trolling so go eat a dick, i won't repeat this very elementary and well known concept a third time

>>57837093
apple: can be eaten
gold: can be worn, used
bitcoin: ???

>>57837149
can you eat facebook?
can you wear it?

>>57836811
Something has economic value if and only if it is scarce. If you think otherwise, you are a bullshit.

>>57836811
It lets people send money to other people digitally regardless of governments freezing accounts.

You think it won't happen to you? Look up the canadian trucker protests. Look up tons of social media sites that died because they got turned away by every bank.

>>57836811

It’s money that doesn’t rely on a trusted third party to send

>>57837149
Can be sent over the internet to cover transactions without any transportation or middleman, and can be stored without a bank vault or land taxes.

>>57837211
>It lets people send money to other people digitally regardless of governments freezing accounts.
So the value is tolerating a weak government that's against the people?
Doesn't seem like it's actually value.

I've got a bitcoin tooth. Used to have a gold one but that's a bit archaic

>>57837069
keep lying cryptonigger

>>57837315
Beeing able to evade your corrupt government is the best use case in the world you fucking retard.
Kys, seriously

>>57837315
take the equivalent of (yours, well earned, not stolen) 50k usd in gold bars
put them in a bag
go to the airport and leave the country
tell me how it goes and if they let you do it

>>57837355
Gold coins have face value. For example, 1 oz Australian Kangaroo Gold Coin is legally 100 AUD (~= $65) while its real value is over $2000.
So to reply, you can do it.

I can snort a line with my cash and make jewelry with my gold, checkmate crypto cucks

>>57837491
Dude if you try to take gold out of the country you're getting stopped, 100% no question about it, and you will be held until you satisfy THEM with your explanation, which is really until you agree you're not going to take the gold out of the country after all, you're going to sell it to a dealer with KYC/AML, you're going to put that fiat currency in a bank account, and THEN you may fly overseas, but your local tax office is going to be up your ass for the next seven years minimum.

You don't really have rights. Nobody does. There is only what you can do that others cannot prevent you from doing (which either involves violence or math).

>>57837491
nope, you literally can't. I repeat, just go and try to do it. Let me know.