$1.6 billion in Gold VS $1.6 billion in Bitcoin

30 comments

  1. Aks1993

    |Author

    Funny. But let’s be honest.

    The Bitcoin network, which is worth Billions of dollars, consists of many huge mining farms, nodes, and hardware wallets.

  2. phx9

    |Author

    You could make it even better by making an even smaller paper wallet print out instead of this chunky bit of hardware. HiRes pictures please!

  3. bugalou

    |Author

    Gold is forever though.

    Bitcoin is fucked in 20 years when the payout stops, no one is mining, and the entire system grinds to a halt. Thats the biggest concern I have with bitcoin as well as it being a tremendous waste of electricity.

  4. skaska23

    |Author

    I have seen video 10 years ago how black market bosses exchanges some small amout of osmium. Mainly because gold or cash worth of billions would be impossible to transfer between 2 parties. Now we have better currency

  5. BitcoinHobbyist

    |Author

    Don’t get me wrong, I’m extremely bullish on BTC, and would love to see it succeed.

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    However, you’re comparing something tangible (gold) with something intangible (data) to prove a point. There’s a bias which makes it an unfair comparison in this context, and thus a shitpost, in my humble opinion.

  6. datgrog

    |Author

    Does it store the seed phrase encrypted or in plane text?
    Does it use a custom words list as electrum or the standard’s one?
    Does it stores bitcoins using bip84 for segwit?
    Sorry, I’m building a wallet.

  7. linuxfan1

    |Author

    $1.6 billion in Bitcoin?! Who knew $2 billion of Bitcoin could fit in that small of a space. I don’t know what I’d do without $500 million in Bitcoin.

  8. Mark_Bear

    |Author

    Gold is relatively heavy, and takes up space. Gold sets off metal detectors. People hide tungsten inside gold bars/coins. Gold is expensive to securely store and/or transport. Gold can be, and has been confiscated by government.

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    Bitcoin has no weight, takes up no space. Memorized private keys cannot be detected, nor confiscated. Bitcoin cannot be counterfeited. Bitcoin is inexpensive to securely store and/or transmit.

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    New gold can be, and is being mined. There will never be more than 21 million BTC — there aren’t enough Bitcoin for every millionaire to have 1.

  9. mirage1912

    |Author

    I would honestly pick cold hard gold if I ever had the chance. Bitcoin is awesome but there is no need to rely on it entirely. (Computer engineer btw)

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