Bitcoin Could Hit $10 Million, Become New Gold Standard ...

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Is bitcoin the new gold standard? Ron Paul says not yet

Is bitcoin the new gold standard? Ron Paul says not yet submitted by bitnewsbot to bitnewsbot [link] [comments]

Wences Casares — "Bitcoin: The New Gold Standard"

Wences Casares — submitted by elux to Bitcoin [link] [comments]

Is Bitcoin the new gold standard? – Joel Kenny – Medium • realestate.10ztalk.com

Is Bitcoin the new gold standard? – Joel Kenny – Medium • realestate.10ztalk.com submitted by asmajda to CryptoStock [link] [comments]

Wences Casares: Bitcoin: The New Gold Standard Wences Casares: Bitcoin: The New Gold... http://fb.me/45QLe5Lgi

submitted by freebtcwebsite to Bitcoinfaucets [link] [comments]

Bitcoin: The New Gold Standard

Bitcoin: The New Gold Standard submitted by PostNationalism to altnewz [link] [comments]

Bitcoin: The New Gold Standard

Bitcoin: The New Gold Standard submitted by MoreBitcoinTV to BitcoinTV [link] [comments]

Bitcoin: The New Gold Standard

https://www.youtube.com/watch?v=yPIvqJsCOSo

http://www.muchbitcoin.org/ - Bitcoin Education
submitted by MuchBitcoin to MuchBitcoin [link] [comments]

Bitcoin: The New Gold Standard

Bitcoin: The New Gold Standard submitted by hietheiy to postnationalist [link] [comments]

Bitcoin: The New Gold Standard

Bitcoin: The New Gold Standard submitted by PostNationalism to AnythingGoesNews [link] [comments]

[#7 Score:17 Comments:4] - Wences Casares — "Bitcoin: The New Gold Standard"

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Bitcoin: The New Gold Standard

http://www.muchbitcoin.org/ - Bitcoin Education
submitted by MuchBitcoin to MuchBitcoin [link] [comments]

Bitcoin: The New Gold Standard

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Wences Casares — "Bitcoin: The New Gold Standard"

Wences Casares — submitted by Removal_Rover to ModerationLog [link] [comments]

Goldcoin is the new appreciation token built using the Gold Standard on the Simple Ledger Protocol (SLP) provided by Bitcoin Cash (BCH). Such Science. Many Scientist. Very Doge. Such Currency.

Goldcoin is the new appreciation token built using the Gold Standard on the Simple Ledger Protocol (SLP) provided by Bitcoin Cash (BCH). Such Science. Many Scientist. Very Doge. Such Currency. submitted by MichaelTen to btc [link] [comments]

05-14 08:44 - 'Bitcoin as the New Gold Standard' (self.Bitcoin) by /u/CryptoCard7 removed from /r/Bitcoin within 80-90min

'''
Hello Folks!
We've been spreading News about the future of money and finance, we hope that you are learning a lot from it. Are you ready for the new normal in finance?
In today's article, we will understand why Bitcoin is comparable to gold and why it is rightful to sit on the throne as the new gold.
[#Bitcoin]1 [#Gold]2 [#StoreofValue]3 [#FutureMoney]4 [#TheNewGold]5 [#CensusNote]6
[Bitcoin as the New Gold Standard]7
'''
Bitcoin as the New Gold Standard
Go1dfish undelete link
unreddit undelete link
Author: CryptoCard7
1: www.fa**b*ok.c*m/hash*ag/bi*coin?*_cft__[0]=AZ*Vn*IksH5*L**jLfbJ*i_**HzRR*t*g*0g**nc*jf*p0*****CnVSDu*hCF*BQCO*5LF5vv*xehJc4XVoiM*6N**zJV3q_81**u_TD*N**v*G4s6y*M5KuYFW*cUS*qIp*3m*wGt*qc*9*N5t*EZ*Y&__tn**=**K-R 2: www*f**e*ook.*om/hash**g/gold?*_cf*__[0]*****n*I*sH5*L*****bJ*i_2sH*RRltugZ*gvX**RjfXp0vj*4iC*VSDuqhCFGB*COD*LF5vvAx*hJc**VoiMi*Nh3zJV****17Lu_TDCNS6vs*4s6yqM5K*YFW***SUq*pK3*gw*ti*cd9*N5tPEZ*Y*amp;__*n__=*NK-R 3: *ww.fa**b**k*c*m*ha*htag/storeofvalue?__cft__*0]=AZWVn0Ik*H5mLS*jLfbJ4i*2sHz*Rlt**Z0*vX*cR*fXp0**h*iC*V*Du***FG*QCOD*L**v*AxehJc**Vo*Mi6Nh3z*V3q_817*u_TD*N*6v*G*s6yqM5****W*cUSUq*pK3*gwG*iqcd91N*tPEZmY&**tn__=**K*R 4: www*f*ceboo*.com/has*t*g/futur*money*__c*t__[0]=*Z*Vn*Iks**m**kj*fbJ4i_2s*zRR**ugZ0g**ncRjfXp*vjh*iCnVSDu*hC*GBQC*D5*F5vvAxehJ*4XV*i*i6*h*z*V*q**17Lu_T*CNS6vs*4***qM5K*YF**cUSUqI**3*g*Gt**cd91N5tPEZ*Y&__***_=*NK-R 5: w*w*facebook*com/ha**t**/t**ne**old?__cft__[0]=AZ***0Iks*5mLSkjLfbJ*i_2*HzRR*tugZ0gvX*c*jfXp*vj***CnVSDuqhCFGB*COD5LF5vvAx**Jc*X**iM*6N**zJV*q_8*7Lu_TDC*S6*s*4s6yqM*K*YFWf***Uq*pK3mg*G**qc*9*N5tP**m*&*_tn__=*NK*R 6: w**.facebook*com***s*tag**ensu*no*e*_*cft__[0]=*ZWVn0IksH5*LSkjLf*J4i_**HzRR*tug*0*vXn*Rjf*p*vjh4*C*VS*uqh*FGBQC*D5L*5vvA*ehJc4X*oiMi6Nh*zJV3q_**7***T*C*S6v**4*6yqM5K*YFWfcUSUq**K3mg**t*q*d*1N5tPE*mY*amp;__tn__=*NK-R 7: blog.*e*sus.*x/2*20/*5*14/bitcoi*-a*-*h**n*w*g*ld-standar*/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitcoin as the New Gold Standard

Hello Folks!
We've been spreading the News about the future of money and finance, we hope that you are learning a lot from it. Are you ready for the new normal in finance?
In today's article, we will understand why Bitcoin is comparable to gold and why it is rightful to sit on the throne as the new gold.
#Bitcoin #Gold #StoreofValue #FutureMoney
#TheNewGold #CensusNote
https://blog.census.cx/2020/05/14/bitcoin-as-the-new-gold-stand
submitted by Habibcensus to u/Habibcensus [link] [comments]

If Bitcoin dominates today's fiat money and becomes the new world standard, will Gold and Silver become free of the fiat manipulation and show it's true value? Would 1oz of Gold then become equivalent to 1BTC?

submitted by TravyBoy123 to Bitcoin [link] [comments]

I made a video summarizing all of the crazy crypto news from last week, enjoy! - Bitcoin, Trump and The New Gold Standard

I made a video summarizing all of the crazy crypto news from last week, enjoy! - Bitcoin, Trump and The New Gold Standard submitted by kinetic_jfig to ethtrader [link] [comments]

Bitcoin at $136,000: Can it become the new gold standard?

Over the past year, Bitcoin’s been on a wild ride from a low of $1,183 to a peak of $19,401.
With Bitcoin’s skyrocketing prices, detractors from J.P. Morgan chief Jamie Dimon (“[Bitcoin] is a fraud”) to Berkshire Hathaway CEO Warren Buffett (“I can say almost with certainty that [cryptocurrencies] will come to a bad ending”) have been quick to decry the digital currency as a bubble.
Predicting a crypto bubble has become the latest trend as Bitcoin and other currencies have risen meteorically. In spite of this, Bitcoin has shown that it is still a new asset with room to grow.
Bitcoin’s current market cap of $134 billion, is massive compared to most companies, and even some countries. But this pales in significance compared to traditional assets like gold. If Bitcoin becomes a widely accepted store of value, it may one day replace some of the functions of gold in the market.
Today, there is an estimated 190,040 tonnes of gold above ground in the world, with 54,000 known reserves below ground that can be mined. At today’s rate of $1,335 per ounce, that means there’s around $11.5 trillion worth of gold in the world that we know about.
Imagine that Bitcoin replaces 25% of today’s gold market. Bitcoin would leapfrog another 17x above today’s current prices.
Here’s some (very rough) back-of-the-paper-wallet math:
25% of $11.5 trillion gold reserves = $2.86 trillion $1.975 trillion market cap of bitcoin / 21 million bitcoin = 136,190 price per bitcoin While this scenario may seem extremely far-fetched, it’s not completely out of the realm of reality. In this article, we’ll look at some of the key characteristics that Bitcoin shares with gold that make it useful as a store of value and speculate around how Bitcoin might eat into the dominance of gold.
What is a Store of Value? Skeptics like to point out that Bitcoin isn’t that useful as a currency. It can have high fees, long transaction times, and comes with numerous security risks. It’s still much easier to pay for goods and services with a credit card than sending bitcoin to someone’s public address.
Yet all these things actually make Bitcoin similar to something people have valued for thousands of years: gold.
Gold has certain properties that make it useful. It conducts electricity well, and it looks pretty. But if you compare gold to more common metals such as copper or nickel, it’s actually a lot less useful for making things — it bends too easily.
The main utility of gold is that it functions as a store of value. Because gold is extremely scarce and expensive to produce it tends to retain value over time. If you buy gold today, you’ll likely be able to exchange it for a similar amount in the future.
To understand how gold functions as a store of value and how Bitcoin might replace it, we have to dig deeper into the history of gold.
A Brief Primer on Gold Gold has been valued and used as a store of value for millennia. The first known use of gold as currency began several thousand years ago in Asia.
Even with the widespread adoption of paper currency in the form of bank notes in the 19th century, the gold standard remained the most popular financial system in the world. Nations would set a fixed price that they would trade gold for paper money. For centuries, gold was an acceptable form of currency. That’s a big part of why gold is still valuable today — we believe that gold is valuable, and this belief has been culturally ingrained.
Gold has a number of properties that make it useful for this purpose. For starters, it lasts a really long time.The chemical half-life of gold is 168 days, compared to 130 days for silver, and a mere 61 hours for copper.
Gold is also easy to split up into smaller parts and transport. You can remelt a gold ingot into smaller gold coins, or even smaller pieces of jewelry. It’s also portable: an ounce of gold is worth $1,335 and weighs the same as a slice of bread. It’s estimated that the 190,040 tonnes of gold above ground would fit into a cube with 67 foot sides.
Today, we use gold for many different things. Jewelry is the most common use-case representing roughly 48% of all above-ground gold. 21% is used for private investment, whether in the physical form of gold bullion or in financial instruments like exchange-traded funds. Another 17% is used by the official sector by central banks as a reserve currency. The other 14% is used for other purposes, from industrial applications like electronics to dentistry.
source: World Gold Council
While the gold standard has largely been abandoned, gold remains a useful hedge against currency instability.
That’s because gold is inherently scarce, with a limited supply. On average, 1,500–3,000 tonnes of gold is mined each year, adding a mere 1–2% annual increase to the supply of gold. It’s also highly liquid and can be exchanged for money anywhere in the world.
Central banks buy gold to avoid currency risks and hedge against inflation. Gold is held in reserve and can be liquidated quickly in times of crises. In 2016, Russia’s central bank purchased 201 tonnes of gold in response to a weakening rouble and international sanctions, making it the largest acquirer of gold.
Today, gold continues to retain its significance because it operates as a store of value that’s removed from the financial system.
The Bull Case for Bitcoin: Why Bitcoin may replace Gold On the surface, Bitcoin and gold couldn’t be more different. Bitcoin is a digital, peer-to-peer currency created in 2008, and distributed across nodes around the world. Gold is a natural element that is mined from the ground, and which has been used as a store of value for millennia.
Despite these differences, Bitcoin and gold both share characteristics that make them useful as a store of value:
Just like the supply of gold is constrained to the amount that can be mined, the supply of Bitcoin is written into the code and maxes out at 21 million coins. While gold is relatively portable, can be verified, and divided into smaller units, Bitcoin is cryptographically secured, controlled via private key, and can be divided infinitely. That gives it distinct advantages over gold as a store of value.
While gold is useful as a store of value because it’s valuable relative to physical size, this still adds up when you’re operating at scale. For example, when the German central bank wanted to bring home 374 metric tons of gold back to Frankfurt, the gold had to be assessed for purity, be remolded from bullion into bars, then secured and transported. The whole operation cost $ 9 million. There’s a clear argument that a digital currency like Bitcoin would be much better suited to maintain reserves than gold bars.
Central banks are already beginning to look at the benefits of digital currencies. The Swedish central bank is investigating the possibility of launching a digital supplement to cash, called the e-krona. Singapore is experimenting with use-cases for cryptocurrency from cross-border payments to creating a digital Singapore dollar.
Similar to gold, Bitcoin sees high usage as a store of value in countries with currency controls or instability. In Argentina, for example, people use Bitcoin to circumvent government currency controls mean, saving nearly 40% on foreign currency exchanges. In Venezuela, Bitcoin usage has become widespread to buy everything from food to movie tickets in the face of 2,616% inflation. The Venezuelan government even launched its own contentious cryptocurrency, called the Petro, in an effort to circumvent international sanctions.
Like gold, Bitcoin provides a store of value that’s separated from the official financial system. Unlike gold, Bitcoin is far easier to hold onto and exchange. If 25% of the gold that’s used as a store of value in jewelry, private investment, and the official sector moves to Bitcoin, we may see Bitcoin at $136,190.
The New Gold Standard Bitcoin rose from the 2008 financial crash, promising a digital currency free from central bank intervention. This is something that we’ve always needed — just look at gold. Gold is useful because it provides a store of value outside of currency and stock markets. Bitcoin, if it’s able to address key technical and scalability challenges, has the potential to do the same.
What’s important to remember is that despite the boom-and-bust hype cycle, we’re still in the early innings.
https://blog.sfox.com/bitcoin-at-136-000-can-it-become-the-new-gold-standard-ee98b11aacfc
submitted by pmp301 to BitcoinMarkets [link] [comments]

Double standards: we mustn't call it Bitcoin Cash but we have no issue with Bitcoin Gold, Bitcoin Clashic and now Bitcoin Core (which would be the most confusing name to new people).

Double standards: we mustn't call it Bitcoin Cash but we have no issue with Bitcoin Gold, Bitcoin Clashic and now Bitcoin Core (which would be the most confusing name to new people). submitted by torusJKL to btc [link] [comments]

Bitcoin at $136,000: Can it become the new gold standard?

Bitcoin at $136,000: Can it become the new gold standard? submitted by unitedstatian to Buttcoin [link] [comments]

Keeping Bitcoin the Gold Standard. New Blockchain ID and communication APP ,soon with lightning integrated.

Cipherbook is a secure, distributed platform for the transfer of money and information. As pioneers in payment blockchains, Cipherbook features the first iOS implementation in the world for paying via the bitcoin lightning network. Beyond that, Cipherbook’s unique document blockchains guarantee communication at the highest security level according to military standards. The combination of main-chain and side-chain transactions ensures the ideal combination of scalability, security, and speed.
Seamless authentication services via the decentralized web-of-trust and enterprise CAs always make sure that you are sharing money and information with, and only with, the correct counterparty. This makes the Cipherbook multi-blockchain ID even more powerful for every user.
Cipherbook is available in the Apple Store. Available for free, it will make the power of blockchain also available to users without dedicated technical expertise. https://itunes.apple.com/de/app/cryptotec-cipherbook/id1382750659?l=en&mt=8 .The desktop version of Cipherbook, that focuses on the document blockchain can already be downloaded for free (https://www.cryptotec.com/cipherbook/\).
The CryptoTec framework that Cipherbook is built on, already supports several productive applications: an IoT blockchain with thousands of distributed PoS secured by hardware security modules. This IoT blockchain has secured billions in turnover over several years. Furthermore, in a collaboration with pharmaceutical company Merck, CryptoTec has developed a blockchain-based anticounterfeiting system.
About CryptoTec: As a tech leader in Blockchain technology, CryptoTec AG offers high-security solutions for the connection of secure distributed computer systems. Since 2004, it has been successfully implementing private blockchains (see http://www.sueddeutsche.de/wirtschaft/michael\-mertens\-und\-seine\-start\-ups\-blockchain\-ein\-thema\-von\-1.3932465\). The communication and collaboration tools that CryptoTec has developed are characterized by distributed trust, end-to-end encryption, and fully automated key handling, to combine excellent usability, security, and performance.
Lightning Payment integrated:
https://www.youtube.com/watch?v=5TgV9erLFFA
https://www.youtube.com/watch?v=XVhnc6f0bzk
submitted by cipherdo to Bitcoin [link] [comments]

How Bitcoin Shows We Don't Want a Gold Standard The man behind two gold ETFs says this about bitcoin - YouTube BITCOIN IS THE NEW GOLD?  ROB KIRBY Bitcoin, Trump and The New Gold Standard - Kinetic Crypto Show #1 Bitcoin The New Gold Standard Vietsub - YouTube

Is Bitcoin the new gold standard or another fiat? by David Bradley, Inderscience. Credit: CC0 Public Domain A statistical analysis of volatility in cryptocurrencies has been carried out using a ... Could Bitcoin Be the New Gold Standard? Revel. Published on: February 21, 2014. Bitcoin was the breakout star of 2013. Trading around $13 at the start of 2013, it climbed slowly to $200 over the next 11 months and then rocketed past $1,200 by the end of November. Its meteoric rise was in sharp contrast to gold’s steady decline over the same ... Many commentators have compared Bitcoin to gold as an investment asset. "Can Bitcoin Be Gold 2.0?," asks a portfolio analyst. "Bitcoin is increasingly set to replace gold as a hedge against uncertainty," suggests a Cointelegraph reporter.. Economists, by contrast, are more interested in considering how a monetary system based on Bitcoin compares to a gold-standard monetary system. The Bitcoin Standard (2018) traces the story of money, from the very first rock currencies to the Victorians’ love affair with gold and today’s new kid on the block – digital cryptocurrency.Saifedean Ammous, an economist convinced that we need to embrace the forgotten virtues of sound money, believes Bitcoin might just be the future. Gold, Bitcoin surge in wake of economic uncertainty. Ron Paul, former Texas Congressman, said Bitcoin is not the new gold.

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How Bitcoin Shows We Don't Want a Gold Standard

Sam takes a look at the Bitcoin economy and how it proves why we don't want a gold standard. Category News & Politics; Show more Show less. ... Is Bitcoin the new gold standard? - Duration: 13:08. Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and governm... Bitcoin: The New Gold Standard - Duration: 14:05. Chicago Ideas 40,342 views. 14:05. The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable? - Duration: 41:01. Bitcoin will beat out other cryptocurrencies to become digital gold, says Galaxy Digital's Novogratz - Duration: 6:07. CNBC Television 33,946 views Jan Van Eck of Van Eck Associates talks gold and the possibility of a bitcoin ETF with CNBC's Bob Pisani. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC Ab...

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