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I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore
Posted on 1/14/26 at 11:09 pm
Posted on 1/14/26 at 11:09 pm
It was the foundation stone of the cause for several years. Floods of anti-gold propaganda were peddled by the lemmings on forums worldwide.
I guess they finally learned two basic logic points:
1. Gold is the OG Big Daddy Money with a lengthy track record. Tier 1
2. That even if Bitcoin "wins" and somehow becomes a reserve currency it doesn't do shite to Gold. The value of Gold will simply transfer from being measured in dollars to being measured in satoshis.
Not that it really matters though. The wider world is never going to adopt Bitcoin.
I guess they finally learned two basic logic points:
1. Gold is the OG Big Daddy Money with a lengthy track record. Tier 1
2. That even if Bitcoin "wins" and somehow becomes a reserve currency it doesn't do shite to Gold. The value of Gold will simply transfer from being measured in dollars to being measured in satoshis.
Not that it really matters though. The wider world is never going to adopt Bitcoin.
6
Posted on 1/15/26 at 12:54 am to FAT SEXY
The two are totally different things.
Gold has a practical application in its usage these days as well as a store of value....ish. But, we keep finding more, it's mined constantly and that won't stop. It's not scarce, it simply has more demand outpacing the supply.
BTC on the other hand; now that the world has buy in, will be the true denomination in which things are measured, valued, etc. It is finite, getting scarcer everyday (think of people that constantly lose the ability to access it), stockpiled by those who possess the foresight and soon will be able to be transacted even more easily.
Gold has a practical application in its usage these days as well as a store of value....ish. But, we keep finding more, it's mined constantly and that won't stop. It's not scarce, it simply has more demand outpacing the supply.
BTC on the other hand; now that the world has buy in, will be the true denomination in which things are measured, valued, etc. It is finite, getting scarcer everyday (think of people that constantly lose the ability to access it), stockpiled by those who possess the foresight and soon will be able to be transacted even more easily.
This post was edited on 1/16/26 at 9:00 am
Posted on 1/15/26 at 1:29 am to oneg8rh8r
quote:
two are two totally different things.
You're right about that.
One is an element on the periodic table and it's properties cannot be replicated.
The other is an electronic ledger that only has the uniqueness of "being first".. it does nothing that similar systems can't do better... and those other systems can be created ad nauseam.
Bitcoin is surrounded by more efficient altcoins. Why would we choose it over the others, or ones yet to be created?
Posted on 1/15/26 at 1:43 am to oneg8rh8r
quote:
It's not scarce
.webp)
You have to be something in order to be scarce. Bitcoin is nothing. It's a system.. and as I've highlighted above: It's properties can be replicated over and over.
The entire refined supply of Gold can be fit inside of maybe 3 to 4 Olympic sized swimming pools. All of the easy to find deposits have already been mined.
It's very scarce.. and actually unique
This post was edited on 1/15/26 at 1:46 am
Posted on 1/15/26 at 7:28 am to FAT SEXY
Yeah
And the fact that bitcoin didn’t outperform gold in 2025 puts a solid dent in the rationale to own bitcoin. If gold prices appreciate, so should bitcoin
That said, as an owner, I’m liking the recent run
And the fact that bitcoin didn’t outperform gold in 2025 puts a solid dent in the rationale to own bitcoin. If gold prices appreciate, so should bitcoin
That said, as an owner, I’m liking the recent run
This post was edited on 1/15/26 at 11:30 am
Posted on 1/15/26 at 9:22 am to oneg8rh8r
quote:
BTC on the other hand; now that the world has buy in, will be the true denomination in which things are measured, valued, etc.
Posted on 1/15/26 at 9:58 am to FAT SEXY
Number go up.
Posted on 1/15/26 at 10:11 am to FAT SEXY
bitcoin back over 96k. and should be 150k by end of the year. I recommend exposure to both gold and bitcoin
Posted on 1/15/26 at 10:26 am to oneg8rh8r
quote:
It is finite, getting scarcer everyday (think of people that constantly lose the ability to access it), stockpiled by those who possess the foresight and soon will be able to be transacted even more easily.
Ok, I can’t resist the BTC catnip. We’ve evolved to circular arguments. People buy it to hold it, and when they decide they want to use it to repurchase dollars, they discover it was stolen or lost, which in turn makes it more scarce and desirable for the next visionary.
Posted on 1/15/26 at 11:04 am to lsuconnman
Lol, talk about worst case scenario . As that is the only way to get exposure to bitcoin .
. As that is the only way to get exposure to bitcoin .
Posted on 1/15/26 at 11:13 am to oneg8rh8r
quote:
two are two totally different things.
Gold has a practical application in its usage these days as well as a store of value....ish. But, we keep finding more, it's mined constantly and that won't stop. It's not scarce, it simply has more demand outpacing the supply.
BTC on the other hand; now that the world has buy in, will be the true denomination in which things are measured, valued, etc. It is finite, getting scarcer everyday (think of people that constantly lose the ability to access it), stockpiled by those who possess the foresight and soon will be able to be transacted even more easily
With gold you can take a bar, bury it for 1000 years and dig it up and it remains the same with whatever new intrinsic value people place on it. There are no input costs during that time. With Bitcoin, the constant input costs are astronomical and rising fast. I understand that is a catalyst to increase the price of Bitcoin to continue to reward miners but there seems to be a definite point of diminishing returns. At some point it seems that people would not be able to continue allocating resources to mining and would just stop especially now that AI is soaking up more power and computing resources. These infrastructure resources are also limited.
Posted on 1/15/26 at 12:09 pm to Helo
:rotflmao: :rotflmao: So, any new gold doesn't take any energy to extract? Did you even think about it before you posted that :rotflmao: :rotflmao: :rotflmao:?This post was edited on 1/15/26 at 12:10 pm
Posted on 1/15/26 at 12:37 pm to FAT SEXY
Bitcoin is to gold what those monkey pictures were to art
Posted on 1/15/26 at 12:49 pm to Hitman67
quote:
Not sure where you saw anything about new gold or mining.
It wasn't from my post because I specifically said a gold bar (hence already mined, refined and poured).
But if you want to bring up mining, of course there is a huge amount of cost and energy required to extract gold to a final product, just like there is to create a bitcoin. However, once both are created, one has little to no input costs and one has an ever escalating cost to maintain it's existence.
You could argue that having physical gold has some ongoing costs because you might want to store it in a safety deposit box or insure it. Yes you could do that but if you choose not to, the gold doesn't disappear.
Posted on 1/15/26 at 2:30 pm to FAT SEXY
quote:
I've noticed that the Bitcoin diehards rarely try to talk shite about Gold anymore
I don't frequent MT daily but I don't remember BTC diehards talking shite about gold. In fact, I'm assuming most are like me and own both. Investments in Au and BTC are consistent with what BTC diehards do talk shite about - the debasement of fiat currency.
quote:
All of the easy to find deposits have already been mined.
This isn't true. There's actually more gold in proven/probable reserves today than there was 50 years ago. There will be more economic gold available for mining/extraction in 100 years than there is today. It's a function of technology, energy costs/availability, gold price and a few other parameters.
Posted on 1/15/26 at 2:35 pm to Helo
Do you know what percent of the all the bitcoin has already been mined?
Posted on 1/15/26 at 2:46 pm to David_DJS
I misspoke and meant to say "Easy to mine" instead of "Easy to find"
There's a stark difference in those two statements, so I'm now bringing more clarity to my previous thoughts.
The juiciest(easiest) deposits are mostly gone. Ask any mining CEO and they'll tell you the same.
We are having to get more and more creative to extract Gold.
There's a stark difference in those two statements, so I'm now bringing more clarity to my previous thoughts.
The juiciest(easiest) deposits are mostly gone. Ask any mining CEO and they'll tell you the same.
We are having to get more and more creative to extract Gold.
This post was edited on 1/15/26 at 2:49 pm
Posted on 1/15/26 at 2:52 pm to FAT SEXY
quote:
The other is an electronic ledger that only has the uniqueness of "being first".. it does nothing that similar systems can't do better... and those other systems can be created ad nauseam.
Bitcoin is surrounded by more efficient altcoins. Why would we choose it over the others, or ones yet to be created?
This is the statement I'm waiting on someone to explain away. There's no logical argument against it other than saying "it was first, so it wins"
Posted on 1/15/26 at 2:55 pm to Hitman67
quote:
Do you know what percent of the all the bitcoin has already been mined?
Not sure the relevance of that as I am only talking about ongoing resources to keep each item material.
A quick google search says ~95% so I assume that is correct.
This actually makes my point that it is taking an ever larger amount of input to keep the 95% of bitcoins "alive" and mine new ones at the same time.
That cost is only going to continue to climb.
Posted on 1/15/26 at 3:02 pm to FAT SEXY
quote:
I misspoke and meant to say "Easy to mine" instead of "Easy to find"
Okay, but that's not really true either. It's easier to mine above ground (open pit) than underground, and there's more and more open pit mines and less and less underground mining operations as time goes on.
quote:
We are having to get more and more creative to extract Gold.
That has always been the case and will continue to be the case.
quote:
The juiciest(easiest) deposits are mostly gone. Ask any mining CEO and they'll tell you the same.
The point is"juiciest" changes. Some of the most profitable gold operations the last 25 years have been processing material that had already been mined and milled, and more was made the second time through - because of technology and lower costs.
I don't mean to get too far into the weeds here. My main point is simply that economic gold is not getting "scarcer". It's actually becoming more available, particularly when demand (price) is high.
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