The assault on cryptocurrencies particularly the Bitcoin has been intensifying in all three fronts,  1using tax related laws . 2-sabotaging, destabilizing by creating a crash – using printing power to buy and then sell rapidly. 3–Demonizing the Bitcoin by invoking  related crimes. Well, we have seen full of these “problems and crimes” with fiat money before cryptocurrencies and the Bitcoin even exist!

That’s not all.  Your ears must have been full of the mantras by now about “store of value” and characteristics of true money blah blah blah… from those experts talking down the Bitcoin and to promote “gold ” and “gold standard” currency or just to defend the fiat papers.

Let me share with you their moronic arguments and stupidity if not their dishonesty!

Talk about “store of value”, do fiat papers have “store of value”? Every fiat paper is losing value day by day. The US dollar has lost 95% of its value since its existence. You don’t need to be an “expert” to know this. What could one Dollar buy , say 50 years ago? What can one dollar buy today? No store of value!  That’s called inflation! Even an ounce of gold has lost its value (purchasing power) over time. In 1917, an ounce of gold was (in USD)  $20.67. A house was about $3,200; and a average weekly wage was about $8.00. Today an ounce of gold is $1,313.40! You can work out how much  an ounce of gold in 1917 could buy for you, and an ounce of gold today can buy for you!

Sources : https://libraryguides.missouri.edu/pricesandwages/1910-1919

Now let’s talk about those “characteristics” of money:

1-durability: a note, a coin, a piece of gold, and the digital codes. Which one is more durable? Alright, I give this to gold, but Bitcoin comes second, OK!

2-portability: Do you  still want to dispute the Bitcoin supremacy on this?

3-divisibility: Bitcoin has one hundred million Satoshis, which one day can be the unit of account and the unit of exchange!

4-uniformity: Bitcoin does not have form and shape. Bitcoin is perfectly uniformed in its uniqueness of codes.

5-limited supply: OMG! Fiat paper is the worst! Unlimited supply! Gold comes second, And Bitcoin again rules supreme! exactly 21millions or even less! (well, some idiots will lost there USB or passwords!)  

6- acceptability. Gold rules supreme. The fiat paper needs the brute fore of the State to have its acceptability, which is also restricted by different laws of different nations . Bitcoin like gold, its acceptability is voluntary. It doesn’t need government support a.k.a being forced to accept . At the moment the State has been tried to undermine its acceptability.

Conclusion? Bitcoin has all the characteristics which are superior even to gold, while fiat papers are the worst and even lack the 5th characteristic !

Last but not least, “people” can issue a fake certificate of gold or fiat money. But with Bitcoin, either you have or you don’t!

With cryptocurrencies, no one can cheat by issuing a piece of certificate paper of Bitcoin. There will be no fraud of fake (hot) bitcoin, There is no fraudulent credit system of Bitcoin. You have Bitcoin or you don’t. You pay in Bitcoin or you don’t. You hold it , you own it, you have it, or you don’t.  There is no fake account, fake “bank book”,  fake number, fake wallet …

There is no Bitcoin bank to issue debt to create Bitcoin!

There is no “legal robbery” on your Bitcoin  a.k.a  freezing bank account!

There is no wasteful paper works if you want your loved ones inherit  your “Bitcoins”. Just give them your USB, micro USB, or whatever storage device and the passwords!

SOURCES:

==

What groceries used to cost – What it used to cost – Research Guides …

==

Historical Gold Prices

Over 200 years of historical annual Gold Prices
Historical Annual Closing Gold Prices Since 1792

Year
Close
%
change
Year

Close

%
change
Year

Close

%
change
1995
$387.00
0.98%
1974
$183.77 72.59%
 2015
$1,060.00
-11.6 %
1994
$383.25
-2.17%
1973
$106.48 66.79%
2014
$1,199.25
-.4%
1993
$391.75
17.64%
1972
$63.84 43.14%
2013
$1,204.50
– 27.6%
1992
$333.00
-5.71%
1971
$44.60 14.65%
2012
$1,664.00
8.68%
1991
$353.15
-8.56%
1970
$38.90 -5.12%
2011
$1,531.00
7.80%
1990
$386.20
-3.69%
1969
$41.00 -5.75%
2010
$1,420.25
30.60%
1989
$401.00
-2.23%
1968
$43.50 22.54%
2009
$1,087.50
25.04%
1988
$410.15
-15.69%
1967
$35.50 0.28%
2008
$869.75
3.97%
1987
$486.50
24.46%
1966
$35.40 -0.28%
2007
$836.50
31.59%
1986
$390.90
19.54%
1965
$35.50 0.42%
2006
$635.70
23.92%
1985
$327.00
6.17%
1964
$35.35 0.28%
2005
$513.00
17.77%
1984
$308.00
-18.95%
1963
$35.25 -0.28%
2004
$435.60
4.40%
1983
$380.00
-14.99%
1962
$35.35 -0.42%
2003
$417.25
21.74%
1982
$447.00
11.75%
1961
$35.50 -2.74%
2002
$342.75
23.96%
1981
$400.00
-32.76%
1960
$36.50 3.55%
2001
$276.50
1.41%
1980
$594.90
29.61%
1959
$35.25 0.00%
2000
$272.65
-6.06%
1979
$459.00
120.57%
1958
$35.25 0.00%
1999
$290.25
0.54%
1978
$208.10
29.17%
1957
$35.25 0.14%
1998
$288.70
0.57%
1977
$161.10
20.43%
1956
$35.20 0.14%
1997
$287.05
-22.21%
1976
$133.77
-3.96%
1955
$35.15 -0.28%
1996
$369.00
-4.65%
1975
$139.29
-24.20%
spacer
1954
$35.25
1940
$34.50
1926
$20.67
1953
$35.50
1939
$35.00
1925
$20.67
1952
$38.70
1938
$35.00
1924
$20.67
1951
$40.00
1937
$35.00
1923
$20.67
1950
$40.25
1936
$35.00
1922
$20.67
1949
$40.50
1935
$35.00
1921
$20.67
1948
$42.00
1934
$35.00
1920
$20.67
1947
$43.00
1933
$32.32
1919
$20.67
1946
$38.25
1932
$20.67
1918
$20.67
1945
$37.25
1931
$20.67
1917
$20.67
1944
$36.25
1930
$20.67
1916
$20.67
1943
$36.50
1929
$20.67
1915
$20.67
1942
$35.50
1928
$20.67
1914
$20.67
1941
$35.50
1927
$20.67
1913
$20.67
spacer
1912
$20.67
1897
$20.67
1882
$20.67
1911
$20.67
1896
$20.67
1881
$20.67
1910
$20.67
1895
$20.67
1880
$20.67
1909
$20.67
1894
$20.67
1879
$20.67
1908
$20.67
1893
$20.67
1878
$20.69
1907
$20.67
1892
$20.67
1877
$21.25
1906
$20.67
1891
$20.67
1876
$22.30
1905
$20.67
1890
$20.67
1875
$23.54
1904
$20.67
1889
$20.67
1874
$23.09
1903
$20.67
1888
$20.67
1873
$22.74
1902
$20.67
1887
$20.67
1872
$23.19
1901
$20.67
1886
$20.67
1871
$22.59
1900
$20.67
1885
$20.67
1870
$22.88
1899
$20.67
1884
$20.67
1869
$25.11
1898
$20.67
1883
$20.67
1868
$27.95
spacer
1867
$27.86
1852
$20.67
1837
$21.60
1866
$28.26
1851
$20.67
1836
$20.69
1865
$30.22
1850
$20.67
1835
$20.69
1864
$47.02
1849
$20.67
1834
$20.69
1863
$31.23
1848
$20.67
1833
$19.39
1862
$27.35
1847
$20.67
1832
$19.39
1861
$20.67
1846
$20.67
1831
$19.39
1860
$20.67
1845
$20.67
1830
$19.39
1859
$20.67
1844
$20.67
1829
$19.39
1858
$20.67
1843
$20.67
1828
$19.39
1857
$20.71
1842
$20.69
1827
$19.39
1856
$20.67
1841
$20.67
1826
$19.39
1855
$20.67
1840
$20.73
1825
$19.39
1854
$20.67
1839
$20.73
1824
$19.39
1853
$20.67
1838
$20.73
1823
$19.39
spacer
1822
$19.39
1807
$19.39
1792
$19.39
1821
$19.39
1806
$19.39
`
1820
$19.39
1805
$19.39
1819
$19.39
1804
$19.39
1818
$19.39
1803
$19.39
1817
$19.39
1802
$19.39
1816
$19.84
1801
$19.39
1815
$22.16
1800
$19.39
1814
$21.79
1799
$19.39
1813
$19.39
1798
$19.39
1812
$19.39
1797
$19.39
1811
$19.39
1796
$19.39
1810
$19.39
1795
$19.39
1809
$19.39
1794
$19.39
1808
$19.39
1793
$19.39
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