3 ms·

What makes you so sure that you won't wake up one day and find out that someone managed to synthesize gold, or found a gigantic cache of it somewhere? I wouldn'

What makes you so sure that you won't wake up one day and find out that someone managed to synthesize gold, or found a gigantic cache of it somewhere? I wouldn't be so sure about the chances of that happening being lower than that of sha256 being broken.

nkkollaw 9y ago
Well sure, gold is not easily created but an asteroid made of pure gold could fall on Earth and make gold completely worthless. It could also happen that banks lobby to make Bitcoin illegal in all first-world countries. For some reason I tend to believe the latter to be more likely to happen.
- holydude 9y ago
  Gold is valuable because of its chemical properties and as long as there is a demand for high tech electronics and jewellery it will continue to be so.
petre 9y ago
Gold can alredy be synthethised, but either all synthetic gold isotopes are radioactive or you have to use very rare metals (like Pt or Hg196) to obtain stable Au197. To do that you need a particle accelerator or a nuclear reactor, both of which are very expensive. https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#G... The solid gold asteroid crashing onto Eatrh theory is even less plausible. So I'd venture to say gold is a quite safe store of value for the time being. A lot better than Bitcoin or any other crypto currency that could be easily wiped out in the event of a nuclear blast or rendered useless in the absence of electricity.
- nkkollaw 9y ago
  Forget it, there are "Bitcoin fanboys" that have abandoned all logic. I'm not saying it isn't a cool technology an idea and one can't try, but a little common sense would still help IMHO.
  - slowmotiony 9y ago
    What the hell do you mean, "forget it". I just asked a question, did I not deserve an answer or something? Was I not worthy? Fuck is wrong with you?

nkkollaw 9y ago

Well sure, gold is not easily created but an asteroid made of pure gold could fall on Earth and make gold completely worthless. It could also happen that banks lobby to make Bitcoin illegal in all first-world countries. For some reason I tend to believe the latter to be more likely to happen.

holydude 9y ago
Gold is valuable because of its chemical properties and as long as there is a demand for high tech electronics and jewellery it will continue to be so.

petre 9y ago

Gold can alredy be synthethised, but either all synthetic gold isotopes are radioactive or you have to use very rare metals (like Pt or Hg196) to obtain stable Au197. To do that you need a particle accelerator or a nuclear reactor, both of which are very expensive. https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold https://en.wikipedia.org/wiki/Synthesis_of_precious_metals#G... The solid gold asteroid crashing onto Eatrh theory is even less plausible. So I'd venture to say gold is a quite safe store of value for the time being. A lot better than Bitcoin or any other crypto currency that could be easily wiped out in the event of a nuclear blast or rendered useless in the absence of electricity.

nkkollaw 9y ago
Forget it, there are "Bitcoin fanboys" that have abandoned all logic. I'm not saying it isn't a cool technology an idea and one can't try, but a little common sense would still help IMHO.
- slowmotiony 9y ago
  What the hell do you mean, "forget it". I just asked a question, did I not deserve an answer or something? Was I not worthy? Fuck is wrong with you?