gold

“It's much easier to do that than it is to actually fake something in cryptographic terms.”

“What if you could expand Bitcoin to not just be money, and not just be a store of value, Because that seems to be a very limited use case. Not that many people use gold every day, but people use lots of other applications.”

“Bitcoin itself was meant to be an effort that would be a new currency. I would actually argue that this effort has not succeeded. It's much more akin to gold.”

“And again, if you think that Bitcoin is silly, I would turn your attention to gold being a little bit more silly.”

“Germany tried to repatriate last year, or did repatriate last year. 50,000 gold bars worth thirty billion dollars. Weighed 700 tons. Know how much that cost to ship? It also took four years.”

“The best argument I could possibly be persuaded for on, on the question of Bitcoin Is that Bitcoin will become like gold or high denomination notes. It'll be something that people hold in their stashes in, in in Buenos Aires, or actually high denomination euro…”

“What I would say, however, is that both gold and hundred dollar bills have a, now, first time I said this, I said they, they're, they are tethered to reality. And then it turned out that that was a bad word to use when talking about, to crypto people. So, so t…”

“Now, gold is not money. Not in any of the real senses. Nobody, you know, go into a store and try and pay your bill with a bar of gold. It ain't gonna work. Gold is not in fact a medium of exchange. It's not something you can in fact use for transactions.”

“The striking thing about Bitcoin is that it sets up a system in which, ah, first of all, ah, the creation of this currency involves a lot of real resources. We're actually spending a lot of resources now computing power or electricity to generate this, much as…”

“I also don't believe it's going to replace big, ah, gold as a store of value entirely, and if I suggested that during my presentation, all I meant to suggest was that I think it will develop as an alternative store of value.”

“People say, because there's only so many of them, the price will always go up, but we have so many counters, like gold, for example, I don't think anyone thinks gold will always go up. There's plenty of examples of things with fixed quantities where the price …”

“This is uncorrelated with Oil, gold, emerging market currencies, the equity markets, bonds, it's really just uncorrelated with everything else, and it's because it's a totally new phenomena.”

“Maker's sort of a wrapper for all these other asset types, so fiat-backed stablecoins are one type of asset, but there will be others, gold and, you know, real estate, et cetera.”

“Bitcoin, as we've seen, how it's behaved in the wild, it behaves a lot like digital gold, and it's definitely an improvement on physical gold”

“For instance, when you look at your ring, if you have a wedding ring of gold, then we know that most of the gold in that wedding ring came from neutron stars that collided and blew up, and material came back out into space and was recycled.”