Amazing similarities between the crossing of the parity threshold of Bitcoin's ratio to Silver & now Bitcoin's ratio to Gold.
Bitcoin first 'kissed' parity with Silver back in June 2011. To only come back & smash it in February 2013.
Bitcoin first 'kissed' parity with Gold back in November 2013. Now it's time to smash it as well.
Remember there are over 280 troy ounces of Gold for each & every one of the 21 million total Bitcoins that will ever be mined. Bitcoin's sound money functions are superior to gold, & Bitcoin is teleportable across the internet. In other words no U-Boat can sink it to the oceans depths & destroy it's 'Standard' like what happened to Gold.
Bitcoin first 'kissed' parity with Silver back in June 2011. To only come back & smash it in February 2013.
Bitcoin first 'kissed' parity with Gold back in November 2013. Now it's time to smash it as well.
Remember there are over 280 troy ounces of Gold for each & every one of the 21 million total Bitcoins that will ever be mined. Bitcoin's sound money functions are superior to gold, & Bitcoin is teleportable across the internet. In other words no U-Boat can sink it to the oceans depths & destroy it's 'Standard' like what happened to Gold.
Comment:
Nick Szabo on how Germany's control of Europe's gold in WW2 & the effectiveness of U-Boats killed the gold standard youtu.be/YpSeOU1VVj4?t=6m16s