I am a silver bug.
But after thoroughly investigating Bitcoin I became a believer. I believe silver, gold and BTC are essential holdings in the face of fiat being counterfeited into oblivion. All fiat goes to zero.
Some have failed to make this leap. Peter Schiff never gave it a chance and he is wrong about BTC. But at least he sticks to his Libertarian principles.
Chris Duane has virtually lost his mind over it, losing all sense of humanity, going as far as to wish harm on hodlers by the governments he is supposed to hate.
In my opinion BTC has certain advantages to silver. This list is dedicated to Chris Duane. Again, I am a silver bug.
Limit of 21,000,000 on Bitcoin. Advantage over silver, which can be mined. BTC 1 - ag 0.
You never know what the purity of your silver is. With Bitcoin there is never a doubt. BTC 2 - ag 0.
Ease of transfer over international borders. BTC 3 - ag 0.
Cost of vault. Silver, huge. Bitcoin, nearly free. BTC 4 - ag 0
Cost of security. Silver, huge. Bitcoin, nearly free. BTC 5 - ag 0
Likelihood of government confiscation. Silver, big. Bitcoin, unconfiscatable. BTC 6 - ag 0.
Likelihood of tarnishing. Silver, yes. Bitcoin, none. BTC 7 - ag 0.
Likelihood of invading army confiscating. Silver, huge. Bitcoin, none. BTC 8 - ag 0.
Likelihood of mass internet adoption for commerce. Silver, none. Bitcoin, huge. BTC 9 - ag 0.
Likelihood of manipulation on comex. Silver, proven. Bitcoin, none. BTC 10 - ag 0.
Likelihood of immediate settlement of international trade. Silver, slim. Bitcoin, huge. BTC 11 - ag 0.
Likelihood of national reserve currency. Silver, slim. Bitcoin, obvious. BTC 12 - ag 0.
Better way to carry $1,000,000 in your pocket. Silver, fail. Bitcoin, hell yeah. BTC 13 - ag 0.
Can you drop a Bitcoin into your champagne for antibiotic treatment? No. BTC 13 - ag 1.
Will overconsumption of Bitcoin turn you purple? No. BTC 14 - ag 1.
My final score, BTC 14, Ag 1.
What advantages do you think BTC has over silver?
Off the Deep End
