Nostr Web Client

No I have not said it like that.

The challenge is that most gold shops will sell gold at the black market rate (eg 40 egp per usd, not 31), and as with physical gold in general, retail investors have to buy it above spot and then if they resell it, sell it below spot. So anything other than quite long term holdings (or a big price jump in a short period of time) doesn’t make sense.

Dissident Sound 2y ago

BTC is glorified colored glass beads that Europeans used to buy gold from Native Americans.

and Gold itself is the same.

currency should be tied to something real, like energy. nuclear power plants should issue currency and the unit of currency should be kilowatt-hour. the power plant would be the reserve.

other units of currency could be gallon of gas, pound of sugar.

you wouldn't carry around gas canister with you but rather the currency should be issued by somebody in power to make it redeemable in that physical asset without any fractional bullshit.

Dollar is Toilet paper while BTC is a casino. Neither are money or investment.

Real currency should be tied to an asset and real investment to means of production, such as land.

Reply to this note

Please Login to reply.

Discussion

Brunswick 2y ago

My goodness, I never saw it like that before. Will you please take this bitcoin off my hands at half price?

Dissident Sound 2y ago

why do you think bitcoin accounts have the largest number of scammers replying ? because bitcoiners are the most gullible of morons on average. your success is due to your greed - stop trying to credit it to "intelligence" ...

Dissident Sound 2y ago

one more thing - Lyn knows you are all idiots. Lyn knows the way you make money is by investing into the most viral delusions and the most viral delusions are the ones that appeal to those with the lowest intelligence.

Dissident Sound 2y ago

it is exactly like in the IQ curve meme - scams like Bitcoin and Tesla attract both the lowest and highest intelligence people but for the opposite reasons.

the lowest IQ people are attracted because they believe the narrative. the highest IQ people are attracted because they know it doesn't matter the narrative is a lie - all that matters is that the idiots believe it.

it is also the same with religion and most other things.

I'm just trying to work up to Lyn's level where i can look down on people like you as cockroaches that you are.

Brunswick 2y ago

Go on trying to lift your nose to a sufficient elevation, you will not find yourself unique. Your opinion, nor whether Lyn is a grifter, will change bitcoin.

Mark Camper 2y ago

Do you keep your savings in the sugar bricks? 👀