Arriemoller
Hero Member
*****
Online Online

Activity: 896
Merit: 627



View Profile Personal Message (Online)

Ignore
February 01, 2018, 07:19:58 AM

A more humble person would have presented that as an opinion, not a fact.

Writing for example, "in my opinion they will be unbacked goldtethers...just like the current paper gold market...no thanks"

Or "I believe that in reality they will be unbacked goldtethers...just like the current paper gold market...no thanks"


That's bullshit.

jojo gave you a good enough and logical answer that is pretty much a well known fact that includes that there is a lot of gold that is maniplated and difficult to get possession of millions of dollars of it, take the government of germany for example trying to get possession of gold held in the usa.  

You, Arriemoller, are engaged in trivial bullshit and distracting talk and attempting to give assignments to get caught in the weeds with bullshit about a supposed better status(that you assume) if an asset is backed rather than not backed.  

There is no fucking decent backing of any asset that is not manipulated, including gold.  Bitcoin happens to be a paradigm changing phenomenon because it is the first ever asset class that is backed by decentralized and trustless proof of work.  Sure, in the end, the bitcoin project might fail, but currently we have an asset that looks like it has real decent promise, and if any of the less than 1% of the world who currently HODL some bitcoin recognize the paradigm shifting contribution of bitcoin, they are likely to profit from such recognition by HODLing.  Sure there are going to be other folks who profit from HODLing bitcoin as well, even if they do not recognize the enormity of its paradigm shifting contribution as a new asset class.

So good luck with your attempt to find some asset class that is backed by something (such as gold) and is not manipulated to shit in a much more centralized way than bitcoin, which is currently king of decentralized proof of work backing value in practice.

Don't you mean "I, JJG, are engaged in trivial bullshit and distracting talk"?

Nope.  Did not mean that, and you know, better....  Roll Eyes   You really want to talk about some kind of backing of an asset (bitcoin or otherwise) or merely get caught up with irrelevant nonsensicals?  hahahhaha

Neither, just would like people that I normally consider intelligent and sharp to differentiate between opinions and facts, we are not teenagers on facebook, (well, I'm not entirely sure about you).