A Quote by Brock Pierce
I am really surprised bitcoin isn't more popular in India, given the strong gold culture here. I call it Gold 2.0. It has all the attributes other than the fact that it isn't tangible, and tangibility is less important in the digital age.
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My treasure chest is filled with gold.
Gold . . . gold . . . gold . . .
Vagabond's gold and drifter's gold . . .
Worthless, priceless, dreamer's gold . . .
Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . .
Poet's gold and artist's gold . . .
Gold that can not be bought or sold -
Gold.
Gold actually has properties - you can use gold for all sorts of things. People value gold for the metal. Nobody values bitcoin for the bitcoin; they value it because they believe that they can exchange it for something else.
With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.
Bitcoin may herald the dawning of a new age in currency. It holds superior traits as a form of 'good money.' As a tangible form of asset (its core tangibility being its mathematical basis), it could become an incredibly important building block for the 21st century's global economy.
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.
But what's worth more than gold?" "Practically everything. You, for example. Gold is heavy. Your weight in gold is not very much gold at all. Aren't you worth more than that?
I don't think anyone has ever really been able to marry tech, fashion, and this concept that sustainable material, up-cycled material can be luxurious. And nothing is more luxurious than gold, right? Gold is luxurious because it's gold, post-consumer or virgin. Whatever it is, it's just gold.
To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then - because those prices are nominally higher than gold prices - to say that they are inflated, relatively to gold, is a perfect absurdity.
I really just appreciate good jewelry, clarity, gold. I think gold is made for kings and pharaohs - that's what I am. That's why I rock gold and, you know, stuff like that.
Bitcoins are like gold bars with wings. That is why I, and so many others, view bitcoin and its network as gold 2.0.
I'd love the gold and that's what I'm obviously going for, but if I never bring home another gold in my life, I am more than enough.
The modern sensibility attempts to drain the contents of experience; these Greek poets strive to state the fact so poignantly that it becomes an ever-flowing spring as Sappho says, "More real than real, more gold than gold.
If Bitcoin is a better gold or seen as a type of gold-like asset, then it could be in the trillions on a market cap.
India's blood and India's gold was sought and unfortunately given - given to break Turkey and buy the fetters of the Rowlatt legislation.
The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.
Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity and has no tangible value, and so I would say that gold is a speculation. But because of my fear about the potential debasing of paper money and about paper money not being a store of value, I want some exposure to gold.
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