Quote:
Originally Posted by ruff
BTC has been tested. There will be a finite supply of BTC at the end of its mining. Gold is not the future. Elon Musk is going to start mining asteroids that are full of gold and the price will drop like your grandma's panties. Other crypto's are still having issues. Smart money is on BTC.
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Please tell me you are joking...
Asteroid mining won't happen in our lifetimes. Quantum computing, however, is already here.
The entire Bitcoin blockchain can be hacked right now using quantum computing if a sufficiently determined and financed entity chose to do it. In 5 years (maybe less) the hack could be done by your mom.
Bitcoin is still one of my recommended holdings, but that is only because markets no longer care about the "long term." Markets are now only built on day-trading and the greater fool theory. So Bitcoin is safe for the moment, and fiat supply is undermining the entire fiat capital structure.
BUT GOLD - sorry mate - gold is money. Gold cannot be hacked without a huuuuuge amount of forewarning that space-ship technology is advancing and humans are preparing to head to asteroids... I mean, gold has a 5,000+ year history of holding value, and it is the only true hedge against fiat destruction in the long run.