'Gold is a better store of value than Bitcoin'
Gold does not allow you to transfer value across space and time without the use of third parties. You cannot transport fractions of gold digitally. To do this, you have to create 'paper' gold. In the digital age, this would be gold ETFs and tokenized gold. 'Paper' gold requires multiple third parties and is subject to corruption, manipulation, restrictive practices, and more 'paper' than gold. One could argue that the advent of the digital age (telegraph), lead ultimately to gold's failure as a reserve currency. When you own a claim on gold, you do not know if that is real gold or not and you have to rely on third parties to confirm that the gold exists. When you own actual gold, you also do not know whether that is real or not. You also have to have third parties actually analyze the gold to confirm that it is real.
Gold is not provably scarce. Gold is widespread on our planet and on other bodies in space. As the price increases, so the production of gold increases. Every year, new and significant deposits are found. This is likely to continue.
Gold production, transport, storage, and protecting gold are energy and carbon intensive. A single 15,000 ton per day surface mine, approx. 6.28 trillion btu/d is used to extract the ore and waste. A further 815 million btu/d is needed to extract the gold. You still have to transport and store the gold. This does not include the environmental damage from the mine, equipment, and byproducts.
Gold has industrial uses. Using Gold as a store of value increases the cost of industrial gold and this has unintended consequences for consumers. An example of how damaging this can be is the cost of housing. Houses have been used as a store of value and the consequences are severe and there for everyone to see.
So that explains it
The dogs are the smart ones. They get free board and lodging. They get to lie around all day while their human servants care to their every whim. Free healthcare thown in.
Definitely agree with consumption taxes being way more fair than income tax. They encourage saving over out-of-control consumerism
That’s impressive!
Look at one of the multisig solutions like unchained, casa, or nunchuk rather than keeping it on an exchange
That is theft. There is no other word for it
It is disrespectful. Unless he was a relative or gay, I would not accept that situation
One of the things I almost never see mentioned in the various climate debates is the observation that Earth is historically on the cooler side and is rising from that very low base.
The planet has historically gone through multiple cycles of not having polar ice caps and then having them again, etc. Over millions of years. There's been a really long-term feedback loop there.
I'm not a climate scientist by any stretch, but I just find that general omission in public discussions around it to be interesting.
https://www.climate.gov/news-features/climate-qa/whats-hottest-earths-ever-been
Interesting. Those responsible for the current narrative always omit part of the truth. They seem to believe that we will interpret the facts incorrectly. We may well be accelerating global warming but we are in a warming cycle. I am interested to know more about what the earth was like when it was warmer and wetter than it is today
Delphi - just works. One problem - not cheap
Not only developers run nodes, so you are going to have to argue with them if you want to convince them of your point of view
Not much, but a start
The value of #Bitcoin