Can Someone Please Explain to Me the Benefit Of the Gold Vs. Crypto Animosity
“It is my hope that the Bitcoin community will embrace this research and a shared understanding that the gold and cryptocurrency communities should be working together rather than against each other as we march towards the inevitable demise of the fiat currency system,” said Roy Sebag, CEO of Goldmoney.
https://www.goldmoney.com/research/goldmoney-insights/drop-gold-and-the-myths-we-re-told
I am stunned and dismayed by the animosity between crypto and gold people.
I wrote about that here: https://steemit.com/mene/@goldmatters/the-greatest-trick-the-devil-ever-pulled
Can someone explain this to me?
To be clear, I am asking why there seems to be a greater more entrenched anger between believers of gold and believers of crypto than there is for both towards fiat.
It boggles my mind.
Is it more about being right than actually finding a solution to escape the fiat system?
The fact that there is such SEETHING anger in every bitcoin vs gold debate I see makes me think its more about pride and ego instead of truth.
It’s so obvious that either or both is a better alternative to fiat and clearly using a combination of all fiat fighting tools makes the most sense.
So I’m asking....
Can someone please explain this to me?
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People taking that stance are ignorant tribalists. Precious metals and crypto are complimentary. You may find yourself in a short term emergency or disaster situation without an internet connection or your hardware wallet, etc. In those cases, taking that 24k gold chain to the nearest gold buyer might save you. BTC is robust, but that doesn't mean you can't lose access to it for extended periods of time, such as while you are traveling. On top of that we have all of recorded history of gold being used as money, and crypto is still in its infancy.
Great comment thank you
I can never understand any kind of animosity, period!
Same !
excellent post, I t is always reassuring when I find others asking the same question as me. no simple answer really, perhaps forrest gump said it best "stupid is as stupid does"
anyone with more than two braincells to rub together will naturally realize how the two are complimentary. a lot of people in the stacking community see crypto as just another form of fiat, while many in the crypto community see PM's as a big bulky heavy pile of coins.
Funny, one would think this day and age than man purses would be cool...
Fortunately there are a lot of intelligent people who see the inherent value in BOTH, and stack accordingly!
cheers!
Thank you for your comment :)
Not all Crypto Currencies will Survive the activation of U.S. Crypto-Coinage, denominated in Dollars and Decimal Cents... They all tend to Fluctuate in Spending Power... U.S.Crypto-Coinage will be very Stable and will be Backed by U.S. Precious Metal Bullion Coinage, all the way down to the smallest Decimal Cent...
May 26, 2019... #ssg-membership
Thanks for the comment! But can you explain the animosity between gold and crypto people?
Gold is Physical and has been respected as Money for much longer than Crypto-Currency... I have to admit, that there are Good and Bad sides to each... Like, where do you keep your Gold and where do you store your Cryptos-Currencies... Gold Chains can be Ripped from your Neck, making you a Target... Crypto-Currencies can be lost if you misplace your Pass Word... Gold is more of a Status Symbol...