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Bitcoin Will Beat Gold as Our Next Form of Money (Bix Weir)

from RoadtoRoota:

Bix Weir describes the issues and problems with returning to a gold standard and how Bitcoin is a much more likely WINNER as the next form of money AFTER the fiat system crashes. [Although we prefer SILVER, for kindly appreciated donations, the SGT Report Bitcoin address is: 1B34t2rydbgnXDokAw6cQGpi7MNx6PffL1 ]

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7 comments to Bitcoin Will Beat Gold as Our Next Form of Money (Bix Weir)

  • Eric

    Sure it will. That’s why nobody accepts it in exchange for groceries or gasoline. That’s why you can’t pay taxes or utilities with it. That’s why central banks don’t hold it. That’s why you can’t buy a new car with it. That’s why most businesses don’t accept it. Because it’s called “crypto-money.”

    The bitcoin brainwashing is out of control. Gold is money. Everything else is credit.

    http://wolfstreet.com/2015/04/25/don-quijones-war-on-cash-quotes-to-cashless-society/

    • Millicent

      Go down into Compton and try to buy gas with your Gold…

    • dan w

      “That’s why nobody accepts it in exchange for groceries or gasoline.”

      Like gold?

      “That’s why you can’t pay taxes or utilities with it.”

      Like gold?

      “That’s why you can’t buy a new car with it.”

      Like gold?

      “The bitcoin brainwashing is out of control”

      Yet the gold brainwashing is perfectly fine.

      • Eric

        In economics, Gresham’s law is a monetary principle stating that “bad money drives out good”. For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will disappear from circulation.

        Gold is good money.

        Bitcoin is bad money.

        In Venezuela, one ounce of Silver will buy 6 months of groceries.

        Gold is money AND currency.

        Bitcoin is just currency.

        Gold has a store of value.

        Bitcoin is just one of many crypto-currencies that almost nobody has heard of.

        Gold has been accepted around the world for 6,000 years.

        Bitcoin has been accepted by a few retailers for 8 years.

        Gold is stable.

        Bitcoin is volatile.

        The brainwashing is convincing you of something that is worthless actually having value because it shows up on a screen in your living room. My box of Gold says otherwise.

  • Craig Escaped Detroit

    Even if Gold only reaches $3,500 of today’s purchasing power, and Silver reaches “parity” with Gold, it’s gonna be a nice bonus for all the silver stackers.

    That would be an increase of 94X. (while it would only be an increase of 3X for gold).

    And who knows what crazy numbers may be attached to the purchasing power of today’s dollar digits.

    Best to start thinking in terms of Gallons of gas, gallons of milk, loaf of bread, cans of food, kw-hr of electricity, and get away from thinking of “how many dollars” when our dollars begin to count numbers like Zimbabwe dollars.

    I really enjoy the Clif High web bot reports. Very interesting how they tap into some part of the global psychic chit chat? The stuff about Antarctica is over the top,… but hey… sometimes the world unfolds in wild jumps like a Kangaroo on meth-crack.

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