• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

BitGold Lights Gold's Fire

Scorpio

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#81
Cryptos should rightly be thought of as cash in hand. Cash that can be transmitted anywhere in the world instantly for nearly zero cost and without any middle-men needed to facilitate. Cash that is very very well secured if the holder wishes to utilize the security measures that it incorporates. YES websites that deal in cryptos have been hacked many times(sometimes by the operators of the website themselves) and cryptos have been stolen, but blaming the crypto itself for being stolen is akin to blaming bars of gold for being physical. The bitcoin algorithm itself has never been hackedand the people that lost bitcoin because someone hacked a website and stole them lost their bitcoin because they trusted someone else to store their wealth. This is PRECISELY the problem I have with bitgold. If you don't hold it...you don't own it.
in that you miss the point, without electronic connection, kibbles are nothing except a piece of paper in your hand.

Yes, bit currencies do protect you from .gov in some crucial ways. They protect you from inflation, and they eliminate the necessity of dealing with banksters. Sure .gov mobsters have kidnapped individuals, put them in cages, stolen their computer equipment, and extorted passwords at gunpoint to enable the theft of cryptos, but that's because gangsters are going to behave like gangsters. Mobsters can and have stolen gold and silver utilizing the very same methods.
no they don't, they sit there and waste away as purchasing power declines on conversion over time.

Crypto transactions are public record. However, the only information stored about the originator of the transaction is a string of characters known as an address, this address can only be linked to an individual if that individual links themself to it. Many privacy minded crypto enthusiasts refuse to use the same address more than once and simply discard them after every transaction.
which is immaterial if they change the rules and disallow conversion,
regardless, many have been forced to give up their intel to save their hides as it were, so thru force they acquire what is needed to crack this supposed 'secret'

misinformation, no

objective view of it, maybe

besides, what is the objective of the crypto currency? A alternative? To what?

You convert your cash/fiat dollars/pesos whatever to crypto, great! now what?

you cannot invest it, you cannot purchase basic needs, etc, it just sits there losing value until you convert it into something usable
 

motowngold

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#83
so let's get real simple,

what problem does a crypto like bitcoin solve?
I never did the bitcoin thing, but what I like that is different about Bitgold is I have the option to convert to a tangible at any time of my choice. Back to the original question you posed in a simple answer. I like that I can store purchasing power and pay for things all outside the Fed, Bank of America, Visa, etc. system, coupled with the choice of tangibility.
 

solarion

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#84
in that you miss the point, without electronic connection, kibbles are nothing except a piece of paper in your hand.
Abosolutely true...mostly. There are physical bitcoins, but they're not very popular.

no they don't, they sit there and waste away as purchasing power declines on conversion over time.
Bitcoin has certainly declined in value relative to fiat over the last couple years, but so have PMs. No idea where the bottom is in any of them.

which is immaterial if they change the rules and disallow conversion,
regardless, many have been forced to give up their intel to save their hides as it were, so thru force they acquire what is needed to crack this supposed 'secret'
People convert cryptos to and from cash and PMs everyday without using exchanges, but yes exchanges provide a central point for .gov mobsters to attack, just as gold vaults provide a central point for government to seize. Tyrannical government thugs are going to do bad things. They've done bad things to everything that has threatened their fiat monopoly.

besides, what is the objective of the crypto currency? A alternative? To what?
Ultimately...fiat, but it is in its infancy and time will tell where it goes.

You convert your cash/fiat dollars/pesos whatever to crypto, great! now what?

you cannot invest it, you cannot purchase basic needs, etc, it just sits there losing value until you convert it into something usable
Gold and silver aren't usable, but you can convert cryptos into that and you can most definitely invest it.

https://www.havelockinvestments.com/

There are also cryptos that directly bear interest. As far as purchasing basic needs using cryptos without converting to and from fiat the options are growing steadily.

http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/
 

solarion

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#85
so let's get real simple,

what problem does a crypto like bitcoin solve?
I believe that bitcoin gives people a measure of financial freedom that wouldn't exist otherwise. For instance, the .gov mobsters in the US made it illegal to fund online poker sites with fiat, but if one is so inclined they can play online poker with cryptos and not run afoul of the law, at least for now. If one doesn't trust the stock market due to .gov intervention or HF trading then there are crypto currency alternatives available. I favor more freedom over less, so even if I never avail myself of crypto services, I like that there are alternatives because of this technology.
 

Scorpio

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#86
the alternative isn't gold and silver,

they argue their point is against the elephant in the room, normal fiats

6 companies accept kibbles and bits worldwide, they are a non-issue

the only reason to hold kibbles and bits now is either greed thru greater fool theory, or for international transactions

one is gambling, and the other is simply not material to the avg joe,

which takes us right back to the original question, why bother? One answer was honest, the 'cool' factor, but other than that.............

let's go into the why retailers & manufacturers are slow to adapt,

I am a retailer, and I received 100 bitcoins yesterday from transactions,

This morning I get up and bitcoin is down $10, so now I have a currency risk of $1000 on the overnight, not even time to get them converted

So now a business owner, in addition to all his other risks, has to also add a currency risk to his profit profile,

Until it is mature and stabilized, then their is too much risk for greater acceptance
 
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#87
You've said "only gold and silver can be money", plainly excluding everything not gold and silver from being money, so in your opinion, bitcoin can never be money regardless of it's properties as a store of value. Neither can, according to you, copper be money.

I too prefer gold and silver to store my wealth, but gold and silver are useless for online payment purposes. The differences we seem to have is that I'm intrigued with the idea of using cryptos for facilitating online payments and you favor bitgold. However bitgold is merely a front end for bank credits as a means of facilitating online payments and bank credits are, IMO, grotesquely inferior to bitcoin for this purpose. The inclusion of gold in the bitgold equation is irrelevant as the payment system in use is still bank credit or digital "dollars". I can use that system without introducing bitgold as a middleman. I already have a debit card.



Where do you think dogecoin went? The global supply of dogecoins are worth 12,933 ounces of gold($15m) they're not going anywhere anytime soon. Holders of dogecoin can convert them to silver or gold at anytime and have that physical bullion shipped directly to them. The global supply of bitcoin is worth roughly 212 times as much and it too is not going anywhere anytime soon. With every post you reveal a profound lack of knowledge about cryptos, yet you seem to want to invest in and utilize a system that combines crypto technology with commodities. This is a horrible idea, because as I've already stated it hamstrings both cryptos and commodity money.

Can you tell me why you seem to think the laws of supply and demand don't apply to bitcoin?
Copper is a monetary metal, but not a monetary precious metal.
As I've said, I don't particularly like bitgold only, I think this is the first of many backed crypto currencies, just like there were many unbacked crypto like bit,lite and dogecoin etc.

Bitgold may have first mover advantage like Bitcoin did with the unbacked currencies.

All I'm saying is I prefer a backed by bullion crypto to unbacked crypto. I think Mr market will agree with me, time will tell.
 
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#88
I never did the bitcoin thing, but what I like that is different about Bitgold is I have the option to convert to a tangible at any time of my choice. Back to the original question you posed in a simple answer. I like that I can store purchasing power and pay for things all outside the Fed, Bank of America, Visa, etc. system, coupled with the choice of tangibility.
You hit the nail on the head!
 
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#89
The argument that compared to world population now, there is not enough available silver left to be used as a monetary system is just as stupid as saying there is not enough bitcoin's to be used as a monetary system.
The bitcoin supply is capped at 21million bitcoins. Well say there was about 21million Kilos of silver left in the available supply. Then each kilo could be split up into grams and milligrams or even Micrograms 0.01mg of silver just like bitcoins are divided up.

How can you value 21 million bitcoins? They are not backed by anything, there is no measuring stick. They could be backed by turnips or anything, just have something there so that you have something to go on. Anything apart from the monetary precious metals will have a hard job gaining peoples confidence. Now, how can you value 21 million Kilos of silver or gold? Well you need to look at the supply demand fundamentals? How much many kilos of silver or gold are left in the worlds available supply?
Interestingly 21 Million Kilos of silver is about 675 Million troy ounces. Which some estimate to be about the real number of available ounces left on earth. There are millions of tons of gold building up and up around the world, the supply is going up every year. This number of around 21 million kilos of silver is going down every year as more silver is demanded than is supplied. But unlike bitcoins the amount of available silver can be flexible as the value goes up more silver can be reclaimed from landfill.
One of the most bullish arguments bitcoin proponents make is the limited supply, and the more people start using it the higher the value of each unit. This is more true for silver.
 

solarion

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#90
The argument that compared to world population now, there is not enough available silver left to be used as a monetary system is just as stupid as saying there is not enough bitcoin's to be used as a monetary system.
The bitcoin supply is capped at 21million bitcoins. Well say there was about 21million Kilos of silver left in the available supply. Then each kilo could be split up into grams and milligrams or even Micrograms 0.01mg of silver just like bitcoins are divided up.

How can you value 21 million bitcoins? They are not backed by anything, there is no measuring stick. They could be backed by turnips or anything, just have something there so that you have something to go on. Anything apart from the monetary precious metals will have a hard job gaining peoples confidence. Now, how can you value 21 million Kilos of silver or gold? Well you need to look at the supply demand fundamentals? How much many kilos of silver or gold are left in the worlds available supply?
Interestingly 21 Million Kilos of silver is about 675 Million troy ounces. Which some estimate to be about the real number of available ounces left on earth. There are millions of tons of gold building up and up around the world, the supply is going up every year. This number of around 21 million kilos of silver is going down every year as more silver is demanded than is supplied. But unlike bitcoins the amount of available silver can be flexible as the value goes up more silver can be reclaimed from landfill.
One of the most bullish arguments bitcoin proponents make is the limited supply, and the more people start using it the higher the value of each unit. This is more true for silver.
TLDR; silver > bitcoin because inflation. The answer IYO is bitcoin backed by silver. Swell.
 
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#93
TLDR; silver > bitcoin because inflation. The answer IYO is bitcoin backed by silver. Swell.
The answer is silver as a worlds monetary system. Mostly physical money exchanging hands in transactions, but a digital way to transfer ownership of physical grams of silver in a vault can be used AS WELL as physical silver transactions. There is a risk with the crypto part of it, but more convenience just using your card or phone to go beep and type in your pin, just as we do with our cards using fiat today.
 

solarion

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#94
Nope. the answer is silver.
Love silver, it's actually my favorite substance in the known universe...well, after boobies anyway. I've purchased lots of silver...sadly it all sank beneath the waves, but I'm hoping to buy some moar some day.

Silver's strength(and weakness) is that it's a physical item and sucks for conducting transactions at distance. FRNs have precisely the same problem and dealing with banks to convert them into bank credit to conduct business online is not very appealing, so we need a solution and that solution, at least for me, cannot include someone else holding on to my money(PMs) for me.
 
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#95

solarion

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#96
The answer is silver as a worlds monetary system. Mostly physical money exchanging hands in transactions, but a digital way to transfer ownership of physical grams of silver in a vault can be used AS WELL as physical silver transactions. There is a risk with the crypto part of it, but more convenience just using your card or phone to go beep and type in your pin, just as we do with our cards using fiat today.
Whose vault would that be and why would I put MY silver in it if it's not MY vault?
 

solarion

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#97
No, bitcoin is cashless. There is no way you can hand over grams of bitcoin. You cant donate bitcoins at church by dropping them in the collection box and be assured they cant be traced to you.
DAFUQ?

K, trying to ignore this post...due to the assumption that the poster was participating in some kind of chemical experiment at the time. Any of that you'd like to rephrase bruh? Please?

Just a few churches that accept bitcoin donations:

http://www.coindesk.com/saint-johns-becomes-worlds-first-catholic-church-accept-bitcoin-donations/
This was nearly two years ago.

https://www.cryptocoinsnews.com/kentucky-church-now-accepting-bitcoin/
https://www.cryptocoinsnews.com/churches-starting-evangelize-bitcoin/
https://en.bitcoin.it/wiki/Donation-accepting_organizations_and_projects
 
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#98
No, bitcoin is cashless. There is no way you can hand over grams of bitcoin. You cant donate bitcoins at church by dropping them in the collection box and be assured they cant be traced to you.
This is all wrong. There is no connection between a bitcoin address and a person [ID], but you can trace the life of the bitcoin.
 
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#99
This is all wrong. There is no connection between a bitcoin address and a person [ID], but you can trace the life of the bitcoin.
If it's all wrong and Bitcoin is not cashless, how can you have Bitcoin cash? How can you pay for things in Bitcoin easily without the internet? You can't.

You can only do this with gold and silver coins.
 

solarion

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If it's all wrong and Bitcoin is not cashless, how can you have Bitcoin cash? How can you pay for things in Bitcoin easily without the internet? You can't.
There are physical bitcoins as mentioned earlier in this very thread. I can provide you pictures upon request or you can do 1.3 seconds of research...perhaps?

You can only do this with gold and silver coins.
...and gold and silver bars, and copper coins, and paper currency, and liquid tide laundry detergent, and beaver pelts, and etc.

Gold and silver are the best forms of money IMO, but they're most definitely not the only possible forms of money.

...but don't mind me and my crazy logic arguments, continue ranting.

Hunts1980, any chance you'll explain why you keep spewing misinformation, getting called on it, and then just rolling along like it didn't happen?

No, bitcoin is cashless. There is no way you can hand over grams of bitcoin. You cant donate bitcoins at church by dropping them in the collection box and be assured they cant be traced to you.
This is all wrong. There is no connection between a bitcoin address and a person [ID], but you can trace the life of the bitcoin.
 
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There are physical bitcoins as mentioned earlier in this very thread. I can provide you pictures upon request or you can do 1.3 seconds of research...perhaps?



...and gold and silver bars, and copper coins, and paper currency, and liquid tide laundry detergent, and beaver pelts, and etc.

Gold and silver are the best forms of money IMO, but they're most definitely not the only possible forms of money.

...but don't mind me and my crazy logic arguments, continue ranting.
I don't think I'm the one ranting here. We are in agreement that real things are better suited as use for money. The free market chooses gold, silver and copper over laundry detergent and the other things you mentioned.

We all know of those plastic physical bitcoins, oh please what kind of value do they contain in and of themselves? Do you really think they could be a world monetary system that people will have confidence in?

I know some here love Bitcoin, let's just agree to disagree. I will never choose unbacked unreal when there is a choice of backed by real bullion. It the difference between nothing and something.
 

solarion

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I don't think I'm the one ranting here. We are in agreement that real things are better suited as use for money. The free market chooses gold, silver and copper over laundry detergent and the other things you mentioned.

We all know of those plastic physical bitcoins, oh please what kind of value do they contain in and of themselves? Do you really think they could be a world monetary system that people will have confidence in?

I know some here love Bitcoin, let's just agree to disagree. I will never choose unbacked unreal when there is a choice of backed by real bullion. It the difference between nothing and something.
Gold and silver are AWESOME for storing wealth and could potentially be AWESOME for conducting local face to face transactions if the .gov wasn't hell bent on forcing everyone to use their phunny munny. I'm all for ditching FRNs and replacing them with honest money. However gold and silver suck at conducting business over vast distances, for that we need something else. Sticking your gold and silver in someone else's vault and using bankster credits is not a solution. At all. You never ever address this issue, you just ignore it.

"People" have confidence in fiat currency and it's complete crap. The vast majority of Amerikan "people" have no interest in owning physical gold and silver bullion, which is unfortunate. BTW there are many many examples of physical bitcoins made out of gold and silver bullion.

Gold and silver in someone else's vault is nothing. A "solution" that has people sticking their PMs in someone else's vault to enable convenient transactions is precisely how we got where we are...or have you never heard of a gold or silver certificate before?

...about that misinformation problem you seem to have? No comment then?
 

tradeshack

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There's no way I'd advocate trusting BitGold or anyone else to hold your entire precious metal fortune but, I can't see the sense in not allowing BitGold to be the medium of exchange instead of the Federal Reserve Bank corporation. Starting with income, it seems preferable to be paid in BitGold rather than fractional reserve notes as: MasterCard/Visa bank credits, PayPal or anything backed by FRNs. The petrodollar's days are numbered and depending upon FRN's will leave you poor and isolated.

We need competing and logical alternatives for transactions.
 

tradeshack

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Update from BitGold:

"US citizens can now create a free BitGold account within minutes and have instant access to gold. With a BitGold account users are able to purchase gold within 1% of the official market price and store it for free in one of many Brink’s locations around the world. At this time US users will not be able to send or receive gold payments on the platform, but we look forward to offering this and additional features in the future."
 
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BitGold Announces Platform Launch in the United States
http://ir.bitgold.com/investors/pre...form-Launch-in-the-United-States/default.aspx

Here is a couple of relative links with some info.

Bullish view from Morris Hubbartt
BitGold with a bullish wedge
http://www.superforcesignals.com/video/2015june25bitgold/2015june25bitgold.html


Alasdair MacLeod about Greece, the metals, BitGold and more
https://www.youtube.com/watch?v=aTLBugQs_jg


Why BitGold? by Mike Shedlock

"I encourage everyone to Sign Up for a BitGold Account. I have done so myself.
Promote gold!
Transactions in gold and settlement in gold, in real time are now possible."

Another interesting read about BitGold:
http://www.safehaven.com/article/38087/bitgold-now-available-in-us-why-bitgold
 

tradeshack

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I received notification today that bank accounts with Chase, Bank of America, Wells Fargo, Citi, US Bank, USAA, Fidelity, Charles Schwab, Capital One and even American Express can be linked to your BitGold account for deposits into BitGold and redemptions back to your bank account.

The BitGold debit card is now offered to US customers. Two documents proving identification must be uploaded during the online application process.


My BitGold debit card is finally in process!!!:applause_smiley:
 

DonShimoda

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BitGold Announces Platform Launch in the United States
http://ir.bitgold.com/investors/pre...form-Launch-in-the-United-States/default.aspx

Here is a couple of relative links with some info.

Bullish view from Morris Hubbartt
BitGold with a bullish wedge
http://www.superforcesignals.com/video/2015june25bitgold/2015june25bitgold.html


Alasdair MacLeod about Greece, the metals, BitGold and more
https://www.youtube.com/watch?v=aTLBugQs_jg



Why BitGold? by Mike Shedlock

"I encourage everyone to Sign Up for a BitGold Account. I have done so myself.
Promote gold!
Transactions in gold and settlement in gold, in real time are now possible."

Another interesting read about BitGold:
http://www.safehaven.com/article/38087/bitgold-now-available-in-us-why-bitgold


Yes saw Mish's article yesterday......have some physical but this might be an aside to that for convenience sake .......anyone with any concerns?
 

tradeshack

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Panel Discussion with Roy Sebag, Josh Crumb:

http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2015/11/03/gold-2-0-gold-s-role-in-fintech-the-future-of-money/play/stream/16335


This is an excellent presentation that explains how the company is proving Gold is Money. Some of the key words and phrases mentioned are:

Viral adoption
Removing friction
Inside the regulatory system / outside the banking system
Digital transfer of title
Neutral commodity money
Intrinsic value
Decentralized ledger
Open up the technology and let people build on it


BitGold.jpg



If you "Like" me and want to open a BitGold account then, please use this link and we'll both get .25 grams of pure gold free!


BitGold.com/r/cUQUhm



.
 
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If you don't hold tithe you don't own it.

I would rather an etc than bitgold, at least you are a little bit better protected with etfs
 

tradeshack

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If you don't hold tithe you don't own it.

I would rather an etc than bitgold, at least you are a little bit better protected with etfs

BitGold's primary function is to provide a payment system. Gold will be used as money for only a millisecond to complete the transaction. If your more comfortable with fiat money then, you can have your favorite fiat on balance just like with the banking system.


The advantage for you with BitGold will be lower transaction cost.
 

earplugs

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Not sure if it's already mentioned but they will not take gold eagles, only 99.9 and higher gold. USA gold eagles is contaminated with base crap.
 

Buck

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Alexander Soros and Bitgold

Yeah, right

Ain't going to happen, no matter how much you promise I'll make
You can Keep It

Thanks, NO
 

FunnyMoney

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Gold and silver are AWESOME for storing wealth and could potentially be AWESOME for conducting local face to face transactions if the .gov wasn't hell bent on forcing everyone to use their phunny munny. I'm all for ditching FRNs and replacing them with honest money. However gold and silver suck at conducting business over vast distances, for that we need something else. Sticking your gold and silver in someone else's vault and using bankster credits is not a solution. At all. You never ever address this issue, you just ignore it.

"People" have confidence in fiat currency and it's complete crap. The vast majority of Amerikan "people" have no interest in owning physical gold and silver bullion, which is unfortunate. BTW there are many many examples of physical bitcoins made out of gold and silver bullion.

Gold and silver in someone else's vault is nothing. A "solution" that has people sticking their PMs in someone else's vault to enable convenient transactions is precisely how we got where we are...or have you never heard of a gold or silver certificate before?

...about that misinformation problem you seem to have? No comment then?
Back in the GIM1 days you would have gotten about 40 thanks for that post at least. Actually, sorry, it's been so long, the forum software didn't have thanks feature, or at least the earlier years didn't. At least that's how I remember it. Don't know if you were around then, maybe you remember better. Guess the years just going by and by. But at least you probably heard, the hundreds of thousands of posts lost an all.

Oh, so you answered your own questions anyway. And about long and short distances - the solution is simple. Fed Ex style companies will move thing quite well for you. Companies just like BitGold could cover the extra long distance payments for you. It's also a boost for escrow businesses. Still, the fees would eventually go below 1% in an efficient system regardless of distance. The long distant transaction question is where you see a problem, but that's been a problem since ancient time. But in today's world the problem is quite mitigated with the use of global escrow type companies which could facilitate a transaction in minutes where in ancient times those transaction could take months. So today, the ability to use honest mediums could be actually easier.

Fees would be 0% of course for in-person or "at the counter" transactions, where you would reach into your pocket and buy a car with gold coins or some groceries with silver ones.

Anyway, yes, you are correct, if you don't hear the musical pings of silver coinage as people walk down a busy street then you know it's a slippery slope from there. It's been a half century since silver was removed worldwide and nearly 100 years since gold had any real usage in coinage. What a huge mistake those 2 events were.

Regardless, it was bound to happen ever since the bankers took majority control of the govt and full control of banking systems shortly after the nation was recovering from civil war. Now things are really bad and past the point of no return. Slavery or worse is most likely on the horizon. It's just a matter of when.

There's a good news thread here on GIM2, we didn't have one of those on GIM1. The Internet being new and free at the time, I think the theory, or rather the hope was the forum would just keep growing.
 

tradeshack

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BitGold is making progress towards providing payment services to Americans. Members from Texas, Colorado and Ohio now have member to member payment access. I understand this to mean that if you're a BitGold account holder from one of those states, I can buy your products or services and pay you with a transfer of Gold Bits to your account without a service charge since I'm in Texas.

Awesome!



.
 

anywoundedduck

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If you don't hold it, you don't own it.
SLV, GLD, Bitgold, purpose is to redirect wealth away from PM purchases and to dilute the law of supply and demand.
If you don't hold it, you don't own it.
 

tradeshack

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If you don't hold it, you don't own it.
SLV, GLD, Bitgold, purpose is to redirect wealth away from PM purchases and to dilute the law of supply and demand.
If you don't hold it, you don't own it.


uh-huh.

Those US dollars in your Kentucky business checking account ain't golden either. But you'll soon be able to use your fiat or gold bits in a BitGold account to buy gold or silver numismatics from me if you would like. Until then, "if you don't hold it, you don't own it".



.
 

solarion

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Can't he just convert his bank credit directly into numismatics? What added utility is bitgold adding to this equation?
 

tradeshack

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Can't he just convert his bank credit directly into numismatics?
Sure he can. And if he uses the corporations paper money to buy locally, he can avoid the obvious transaction fees incurred with online payments.


What added utility is bitgold adding to this equation?
The utility being developed by BG is online payments. I consider it competitive and compare it to PayPail who charges its members 2.9% for payment transactions. I believe you and I will soon be able to settle our internet trades immediately without fees using member services provided by BitGold.
 

solarion

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That utility already exists though, it's not added value.

Guess I'll never understand the appeal of this BG thing. Converting fiat and/or gold in hand into gold(held by someone else) to enable utility you already have seems like the financial equivalent of chasing your own tail...but at least you get to pay a small fee for the privilege of doing what you can already do. Weird.
 

tradeshack

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That utility already exists though, it's not added value.
Where? It certainly doesn't exist with the No. 1 payment processor.

Guess I'll never understand the appeal of this BG thing. Converting fiat and/or gold in hand into gold(held by someone else) to enable utility you already have seems like the financial equivalent of chasing your own tail...but at least you get to pay a small fee for the privilege of doing what you can already do. Weird.
I believe the 1% fee for converting a corporation's paper to gold is a wash both when the gold is purchased with a fiat cash-back card and again when the account is used to pay another BG member.



I guess I'll never understand the rational in disparaging the use of gold as money while hoarding the metal in preparation for the day when it is... used as money?



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