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   NBS (nbs@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:05 JST NBS

   Bitcoin is about to overtake Silver's market cap...

   • Embed this notice
     ?? Humpleupagus ?? (humpleupagus@eveningzoo.club)'s status on Tuesday, 12-Nov-2024 07:12:01 JST ?? Humpleupagus ??

     in reply to

     • cjd
     • Richard
     The belief that a soft, largely useless metal has intrinsic values seems like a Jewish trick.
     
     > I'll give you this useless metal for your wheat, goy.
     LukeAlmighty 🇨🇿 repeated this.
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     Richard (richard@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:02 JST Richard

     in reply to

     • cjd

     @cjd @nbs gold and silver can make sense in a lot of scenarios. Even today with everything working.

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     NBS (nbs@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:02 JST NBS

     in reply to

     • cjd
     • Richard

     @Richard @cjd

     I dislike the “are gold and silver useful compared to X” debates because they largely end up at the apocalypse scenario. Nobody knows what the fuck anybody will be doing or valuing and 99.9999999999999% of us will be dead before said apocalypse begins.

     Waste of time to debate it. I like gold and silver, they are good market hedges. Always will be when it matters, and I don’t care about the apocalypse scenarios.

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     cjd (cjd@pkteerium.xyz)'s status on Tuesday, 12-Nov-2024 07:12:03 JST cjd

     in reply to

     • Richard
     In the 99.99% "The internet is still there" scenario, Bitcoin is the clear winner.
     
     In the 0.01% "Lights the fuck out" scenario, handguns, ammo, food, fuel, whisky, cigarettes, etc are all usable and so they have built-in demand, so they can probably be traded.
     
     Silver and gold don't really make sense in either case. They only make sense in the case that we literally rewind the world back 200 years and go back to a middle-advanced economy which needs a standardized store of value and settled on precious metal.
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     NBS (nbs@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:04 JST NBS

     in reply to

     • Richard

     @Richard

     Just gonna hold my physical silver. Still has its “oh shit” end of the world uses, but I also don’t like getting raped on the spread to get out.

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     NBS (nbs@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:05 JST NBS

     in reply to

     Well that was fast

   • Embed this notice
     Richard (richard@noauthority.social)'s status on Tuesday, 12-Nov-2024 07:12:05 JST Richard

     in reply to

     @nbs use silver to buy bitcoin.

     C H E C K M A T E

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     Tiberius J. Nougat (lord_nougat@nicecrew.digital)'s status on Tuesday, 12-Nov-2024 07:13:49 JST Tiberius J. Nougat

     in reply to

     • ?? Humpleupagus ??
     • cjd
     • Richard

     It's excellent for use as ballast in a keel because saltwater won't corrode it.

     ?? Humpleupagus ?? likes this.
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     ?? Humpleupagus ?? (humpleupagus@eveningzoo.club)'s status on Tuesday, 12-Nov-2024 07:15:58 JST ?? Humpleupagus ??

     in reply to

     • cjd
     • Richard
     • Tiberius J. Nougat
     You won't need a boat where you're going. Ssshhhhh.... just let it happen.
   • Embed this notice
     Dudebro (dudebro@nicecrew.digital)'s status on Tuesday, 12-Nov-2024 07:16:36 JST Dudebro

     in reply to

     • ?? Humpleupagus ??
     • cjd
     • Richard
     >Largely useless
     >Makes women happy for simps
     >Seems like it has more value than most objects
     LukeAlmighty 🇨🇿 likes this.
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     ?? Humpleupagus ?? (humpleupagus@eveningzoo.club)'s status on Tuesday, 12-Nov-2024 07:16:36 JST ?? Humpleupagus ??

     in reply to

     • cjd
     • Richard
     • Dudebro
     On a side note, women like jew-elry too. 😏
     LukeAlmighty 🇨🇿 likes this.
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     LukeAlmighty 🇨🇿 (lukealmighty@gameliberty.club)'s status on Tuesday, 12-Nov-2024 07:43:27 JST LukeAlmighty 🇨🇿

     in reply to

     • cjd
     • Richard

     @cjd @nbs @Richard
     You need quite a lot of abstract thought to trade an algorythmic solutions to an encryption problem that doesn't lead to directly unlocking a material good. Therefore, Bitcoin can drop to 0 any day of the week. It doesn't, in the same way, as stock market doesn't as long as the old guard lives and bets their retirement on it.

     On the other hand, gold is shiny. And it will be that shiny thing edged into our DNA as valuable since before we knew how to wheel. The gold will always be valuable. Bitcoin on the other hand can have a stock market crash.

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     cjd (cjd@pkteerium.xyz)'s status on Tuesday, 12-Nov-2024 07:44:49 JST cjd

     in reply to

     • Richard
     If you're looking for hedges, you want paper gold (with all it's problems) because at least you can liquidate it quickly...
     LukeAlmighty 🇨🇿 likes this.