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RE: Central Banks, Governments & Keynesian Economists Are Losing Their $hit Over Bitcoin

in #dtube7 years ago

Gold is created by Supernovas (Fire) <--> Crypto is created by (Air)
Two Elements... which will win?
Ofc Gold is nice and shiny... you can hold it in your Hand, its tangible...and you can get nice Jewelery for your Girl...
But have you ever tried to survive without Air? ;-)
So what do you think is worth more?

Also i believe the the Gold Price will crash in a Bottomless Pit in the next 10-20 Years.
The Current Value is created by Scarcity...Most of the 171000 Tons of Gold on this Earth are stashed away in Vaults... while the Scraps in Circulation get more Expensive (supply and demand). The Objective Reality is... Gold has not special attributes (Conductivity etc) compaired to other precious metals. I think some State will try another Gold-backed currency in the Future... but it wont keep up with the Cryptocurrencys.

The rich guys, the banks, the states... they dont realize they're sitting on a lot of useless scrap metal.
But they will understand.. sooner or later. Mark my words ;)