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RE: SegNOT2x - Bitcoin Is Basically A Shit-Coin Like Bitconnect Now - (I Told You They Were Liars)
Intriguing title.
I did not read till the end, I do feel compelled to do so later and reply again later.
For now, this is not true: "Note that, similar to Bitcoin, Gold is practically infinitely divisible"
If anything, right now, Bitcoin is more divisible, and more aggregable/unitable.
Bitcoin is also cheaper and safer to store and more often than not, also to transfer, the way things are these times.
Atoms come to mind, and despite them being divisible, the outcome would not be gold.
Bitcoin is also still a more honestly tradeable asset.
A realer commodity than (paper) gold.
In a world without enough people/internet, both gold and bitcoin would be worthless, and food would be king.
"For now, this is not true: "Note that, similar to Bitcoin, Gold is practically infinitely divisible""
Yes, it is true, considering I said "practically". Gold can be divided down to a single atom and placed into a variety of filler tokens from cards to coins. That means it could function at $millions per ounce. Whether that would be efficient is another story.
"If anything, right now, Bitcoin is more divisible, and more aggregable/unitable."
Bitcoin is neither more divisible nor aggregable, it's simply easier to do both, since it doesn't require movement in the physical realm. But, I see your point.
"Bitcoin is also still a more honestly tradeable asset."
I'm not sure what you mean by honestly. I think if you take a poll, the vast majority would disagree with you.
"A realer commodity than (paper) gold."
That's probably true, but I'm not talking about paper gold and have no use for it, really.
The inefficiency of dividing gold is what makes it unpractical.
Bitcoin is more aggregable, because in gold's case it should be melted/purified back to one piece, and to keep its certifications / signatures is even far harder.
Honestly traded means that in order to sell bitcoin, you should have it initially.
There are no "sell contracts" on it, as in "naked shorts".
This is why it is a realer commodity than paper gold.
If you refer to real gold, its price is dictated by the price of paper gold, so you implicitly refer to paper gold when you refer to real gold.
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