4 ms·

In what way is bitcoin a scam, and gold isn't?

• apitman 3y ago
  Who said gold isn't a scam?
  • npoc 3y ago
    Do you think gold _is_ a scam?
    • apitman 3y ago
      I was mostly being contrary, but honestly I kind of do.
      • npoc 3y ago
        Gold itself? or the scams it enabled due to weaknesses in its monetary qualities? For example, coin shaving (difficult to quantify without a scale), counterfeiting (tungsten wrapped gold), fiat central banking with zero reserve (due to poor portability + above) which transfers enormous wealth from entire populations and countries to the bankers? Or maybe its scarcity? The amount of above-ground gold doubles every 50 years (which halves its value). All weaknesses that bitcoin has solved BTW