Party Vibe

You don’t wanna buy drugs offline do you! 😛

I think ‘XAU’ is the currency to go by.

@dubstep_joe 498431 wrote:

If I understand what that is correctly then, bitcoin is on par with the added benefit of being digital.

Digital hashes can be just as hard to mine as gold is… :bounce:

A piece of paper with £20 on it isn’t gonna stand the test of time IMO.. It’s paper..

Where does bitcoins value come from, i do not know… is it just numbers on a screen to do with other made up currencies.

Debt = Money, Money = Debt

ALL currency systems depend on trust and confidance in them. Indeed, all business transactions are based around trust.

Once you understand that, you can understand what the limitations of currency are – and how currencies are devalued by rumour, scandal, and similar propaganda techniques.

Now, I don’t know about Bitcoin. I suspect it has its uses and limitations, like all currency systems.

Currency systems have limitations? Sure they do. Plutonium does not have a spot market price. Yet it is, weight for weight, a better energy source than any other currently available.

Snag with it as a commodity – it’s very handy for detonating thermonuclear weapons. Which is why trading in it is frowned upon.

Now, if you can alter the amount of energy available, and make lots of it, anytime, for no cost… cost of energy comes down. Which makes manufacturing a lot easier.

Fact about energy – used to be the main user was industry (in the West). With a lot of industry shipped out to the Far East, guess who is paying the energy companies for lost revenue? That’s right, the domestic customers – me and you.

Getting indepdendent from outside suppliers is an important goal for any sort of ongoing concern, whether industrial or domestic.

@p0ly 498465 wrote:

Gold isn’t fictional though, it’s real. It’s a rare substance and very beautiful IMO..

Why do you think every time you go to a supermarket in the UK (and everywhere else) you see a few ‘Cash 4 Gold’ stalls… Gold will be around a long time…

I just find it amazing how a piece of paper is worth more than metal coins. it’s a complete scam.

Gold is only worth something because pretty much everyone in the world agrees that it’s worth something. It has no inherent worth, only that which we ascribe to it because of it’s useful properties as a store of wealth (rare, not being made any more, stable, tradable, fungible, easy to verify it’s not a forgery)

When I said Gold I meant silver and copper and the likes too but can’t remember their XA_ off by heart so left it.

silver and copper have many many uses unlike bonded paper with some blue blooded germans face on the front.

For poly it’s gold. For me it’s bitcoin. For some it’s cows.

They aren’t really just made up numbers. They come from calculated hashes. Real work went in (electrical/computing processing) to ‘mine’ them.

But they are fictional though. a cow isn’t fictional it’s real, silver isn’t fictional it’s real.. obviously if the currencies collapsed you wouldn’t be able to use bitcoins or pounds to buy silver anymore you’d use something else.

what i’m trying to say is money is fictional…. it does nothing itself it’s just we’ve put a value to it, but silver is real, it’s uses are real and it’s traded in the same way as money.

what would you rather have if money lost all value. 2 billion dollar notes or 2 billion dollars worth of silver…

btw pm me, where in the world currently are you, we haven’t spoken for awhile. i miss you