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As Gold Hits New Record, Some See Warning Signs of Civilizational Collapse
(www.newsweek.com)
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this post was submitted on 20 Oct 2025
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You mean Bitcoin, the imaginary thing that literally could be destroyed at any moment in time and the rich people use to manipulate their prices and game more money all the time? You mean that type of thing? Honestly gold is way better than investing in that.
Destroying Bitcoin would mean destroying the internet. Money will be the least of your problems when that happens. The price of Bitcoin being manipulated is not something that is inherent to Bitcoin. Anything that gets big enough will attract the big boys and they will try to manipulate anything for a little gain. Bitcoin being transparent, unmanipulatable and portable actually makes it better than gold though.
Major internet outages and blackouts, including across entire countries and continents, happen all the time. Your crypto is worthless numbers on a ledger when that happens.
🤣 every once in a while I read an extra special comment that makes me want to go buy more. This is definitely one of them.
Reads like a bot comment.
Sorry to disappoint!
What? we could easily keep the internet and have no crypto
the only thing that cryptocurrency lacks IMO is inherent value. there needs to be real use-cases for something to have value, at least in my imagination. i fail to see the use-case in cryptocurrency.
edit: Actually, there are some nice use-cases. like, iirc, "doge" uses an algorithm for mining that produces protein-folding-predictions as a side-result, which is useful in biochemistry and molecular biology, which could be used for new drugs for medicine.
Yes lol. But I'm way past the point that people's opinions of it have any bearing on my decisions.
I've had this conversation a million times. You don't understand Bitcoin, and that's ok, I don't mean it as an insult..... it's complicated. I can say that with 100% certainty based on your comments. This just means that there is more for me, at a cheaper price.
Yes there is manipulation going on, you're not wrong. But where you are veering off track is where you throw out the concept because of it.
Money is manupulated. Constantly. That's what happens with money. Bitcoin is no different.
Do you understand that Bitcoin has been around for 16 years, has never had an error or security breach (all cases of losing money are due to malicious actors or careless users), can send billions of dollars across the world for literal pennies, has over a TRILLUON dollars of market cap.
Please don't get stuck in the early days mindset. If Bitcoin was "destroyable" it would have happened long ago, as the threat it poses to fiat based sovereign currencies is huge.
I know I'm not changing any minds, but you can't say you didn't have the opportunity. You're standing in your own way.
Gold is good to invest in too now though! No shade on anyone who does that, just missing a better opportunity.
If this is really your perspective then tone down the condescension. BTC is only viable due to the poor policies of the Trump administration.
Gold has utility. BTC has no usability beyond being a cryptocurrency. I can make things with gold.
Not only that but Bitcoin is very limited as far as where you can spend it not a lot of places take it in order to actually utilize it for the most part you have to trade that in for whatever current value it may be whether it's $100 or $50,000 depending on how much the price has been manipulated at this point. And just like gold it's volatile it's going to all depend on what an arbitrary amount set is worth. And with more regulation Bitcoin becomes more and more useless as far as currency goes. I love Bitcoin I love crypto in general however I also realize how limited it is once you actually try to utilize it any sort of way. If somebody says hey I'm using it for my savings account and then next week that point is worthless because you can't catch then and nobody's willing to give you the actual money for it Cool you got a bunch of zeros and ones that are in your name and marked on a ledger someplace.
Is there any value in being the hardest form of money in existence, objectively 🧐🧐🧐
Edit: the condescension is helpful in the long run. People hate Bitcoin/hate people who invest in Bitcoin are very unlikely to invest in Bitcoin. Therefore more for me, again!
Lol ok. Enjoy bud.
Yes, it is durable, portable and compact. We can all agree on the fact you can make things with it.
Is there any value in something that holds no real utility or real value?
There is tons of utility! Intrinsic value, not like gold no.....but utility, absolutely.
No there is no utility. You cannot do anything with crypto whereas I can make all sorts of stuff from gold as it is a real physical object.
Do you invest in gold? Does your pension plan?
No, and they might
If your pension plan does, it's not real gold right? Who has it? Are you sure? Are the records transparent?
It’s held in reserve by a bank if they are invested directly in gold. Who is holding your crypto? Oh that’s right no one is.
Lololol no one is. Ok. God damn I guess I am going to get rich with arguments like this......
If your crypto is immaterial no one can hold it
Crypto is not immaterial, there is a digital (digital stuff exists in the real world, since it's not fairy magic) copy of all Bitcoin transactions spread all around the world. Without the physical presence of nodes, bitcoin would not exist.
Also, Crypto does not equal Bitcoin.
You might want to look up what immaterial means. You are very wrong in your assertion due to this misconception. You cannot hold a bitcoin in your hand because it is immaterial.
All crypto is immaterial.
Fiat currency is immaterial. So much so that it can literally be created out of thin air.
no it isn’t I have bills in my pocket.
Oh my god you don't even know what fiat currency is.
Okay I think we're good here
I know what fiat currency is. You seem not to which considering your lack of understanding of what “immaterial” means is unsurprising.
Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain).
I guess I was under the impression you were using it to mean "without physical value" even though that's not the definition. I figured you couldn't possibly be trying to argue that there is no physical matter involved in Bitcoin.....
“Uhhhh ok if you want to be pedantic, crypto is not immaterial as it exists as matter (the hardware holding the blockchain)”
That still does not make it material. Your coins are not physical objects. They are numerical strings.
Immaterial means either of no consequence OR not physical. IF my pension plan holds gold someone holds that physical material. There is no physical version of your coins. This is why. yall have to default to “code is law” because there is no physical asset to hold.
Again your ignorance of common words is something you should work on.
OOHHHHHHH there's no physical Bitcoins, THAT'S why it's a scam!
Shit, I wish I had figured this out before. Thank God you came along to open my eyes 🤣🤣🤣
All this time I thought Bitcoin Inc had my real bitcoins safely in storage. How could I be so fucking stupid?
I won't be replying as I'm now going to jump off a bridge given how badly I've been intellectually bested. I simply cannot go on any longer now that the truth behind Bitcoin has been revealed to me.
not really. IMHO gold is about as useful as aluminum or any other metal, i.e. $10/kg would be justified, but not $70k/kg, which it currently is.
like, $10/kg is real usefulness, the remaining $69990/kg are people's irrational belief that gold is valuable somehow.
Golds utility as a currency is that it doesn't tarnish or rust meaning you can keep it around for a long time and use it as an in-between unlike say food, it's also generally lighter than cloth, manufactured goods, or raw materials. Same generally applies to silver, copper, and copper alloys, though to a lesser extent for copper and it's derivatives though thats made up for by its recycling capacity and utilities.
https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures
Give me one, single example, just one, of anyone who lost Bitcoin due to an error or issue with the blockchain. Just one please, thank you.
Moving the goal posts.
So you can't, got it.
How exactly is that not relevant, the fact that you can't answer this question? Goalposts my ass.
Let's spice it up a bit! I have some cash in my trading account. Along with some Bitcoin in an exchange wallet.
You'll just have to take my word, but gentleman's honor I'm not joking. If you give me one example of a Bitcoin blockchain failure that resulted in loss of Bitcoin (strictly due to Bitcoin itself, no third party) I'll sell all my exchange Bitcoin and make a $100 donation to a charity of your choice.
If you can't, I'm buying $500 of Bitcoin with yet deeper conviction that the only ones who are disagreeing with me are people that don't understand Bitcoin. Like actually understand, not just think and say they understand with Dunning-Kruger confidence.
Edit: I will even post the receipt here (to your charity)
I'm good.
Ok, I'm in on that. They are gonna need that money.
But I'm going to buy $400 of Bitcoin with the rest of that $500
and you're the one saying others don't understand Bitcoin. smh.
Please, elaborate
Nah, you’ve refused to elaborate for anyone else in this thread, why would I explain myself for you? You’re literally lying about being a core Bitcoin dev, it’s pointless to even try to have a rational discussion with you. Goodbye!
Lol that's my point. All of you are bullshitting about understanding Bitcoin, so I'll bullshit too.
0% chance any of you grumpy yokels could explain how it works. 0% The only people I've ever met in my life who could actually explain how it works were investors and enthusiasts.
Every. Single. Person. I've ever met online or off who shit talks Bitcoin has never once been able to explain how it works. Because you can't! If you could, you'd be singing a totally different tune.
Yeah yeah you actually know and you've studied it for 35 years and only you have figured out it's a big scam and yada yada. I've seen this for almost a decade now.
Today's not the day I meet the first person to understand Bitcoin and argue against it.
Well no shit. If your basis for understanding Bitcoin is arguing for it, then sure, you'll never meet that person. You'll have a bizarre definition of understanding that no one else will use, but at least your jimmies won't be rustled.
What is this gibberish? I've read it 5 times and I have no idea what you're saying. Maybe I am the dumb one.
I think I can kind of decipher what you're trying to do here.....like you're trying to argue that my definition of someone who understands Bitcoin is someone who agrees with me. But that's comically incorrect.
Let me rephrase: No one that shit talks Bitcoin can also describe how it functions. Throw out "understanding". Just what is it, how does it work? Explain mining. Explain difficulty. How they work, not just what they are.
No one can do it. Again, if someone can both explain all of this accurately and then say Bitcoin is a scam/worthless/etc, I'll eat my hat. Has never happened once.
Can you?
Edit: Downvoting is a particularly poor argument here 😂