For goodness sake
Why is it that gold advocates cannot, for the life of themselves, stop yapping about bitcoin? I won't name names because I really don't wish to give these folks any more platform, but it's getting to the point where it's becoming laughable.
We get it. You like gold.
Bitcoin people like gold too.
But, why the constant harping against bitcoin? It's worthless. It's not backed by anything. It has no intrinsic value. It's a Ponzi scheme based solely on enticing others to buy it to drive up the price, because, it's not backed by anything and has no intrinsic value.
We get it
Yes, we get your argument. In all honesty, your argument isn't very complex. We get it. But, why are you so oddly infatuated with something that is supposedly valueless (and thereby harmless)? It's going to zero eventually, yes, you've told us. Then why discuss it every single day?
If it's stupid, it's harmless
What if I created a coin called "text coin." I just type out numbers and BOOM!, there it is. So, I type...one million TEXT coins! There they are, 1,000,000 coins were just minted. Here, I'll give you 1,000 of them right now. I just sent you 1,000 TEXT coins. Merry Christmas.
You'd rightfully say, "TEXT coin has no value. It's not based on anything. Nothing backs it. It's worth zero. Gold has value!"
But, would you every single day rant about TEXT coin?
Number 1 argument
Likely the top complaint gold advocates have toward bitcoin is that "it's not backed by anything" or that "it has no intrinsic value". This is not true. It is backed by the hard-coded finite number of coins. It is backed by coded scarcity. The intrinsic value lies in the knowledge of this fact.
As a counter-argument, do you think it's wise to purchase gold in the form of a piece of paper representing ounces of gold? Or a gold derivative? That requires trusting that indeed that paper is redeemable for actual gold. It requires trusting that the paper matches 1-for-1 with actual gold supplies it purports to be backed by. And it requires that more paper ounces are not actually sold than actual gold ounces that exist.
With bitcoin, you do not have to rely on such trust in whomever is issuing those papers or derivatives.
The bottom line
The very fact that goldsters daily fuss about bitcoin tells me that, deep down, they kinda get it too, and they're worried.
I just got on my knees and kissed my gold, am I now legit?
Yes, you are indeed legit. Have 1,000,000 TEXT coins on me to celebrate!
Lol can I stake those on the Hive engine?
Stake em, HODL em, sell em, spend em, totally up to you. Have another 1,000,000.
@darkflame looks like I have 1,000,000 text coin for you
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