Would it be banned if it was about AAPL or gold?
> The Advertising Standards Authority (ASA) said the advert was misleading and left out important risk warnings.
> Luno said the ads would not appear again and that future ads would feature an appropriate risk warning.
> Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate.
It sounds like if the AAPL or gold had advertising that flagrantly violated the rules, they would also be banned.
I have had several of their trusts in my portfolio for decades now.
> Advertising must be clear that the value of investments, unless guaranteed, could go down as well as up, ASA rules stipulate.
This company has agreed to do the same going forward. Otherwise they could have just kept the ad up and let the regulator take them to court.
Well, no, you can't use Bitcoin for integrated circuitry. Since it's literally bits, it's not useful as jewellery either. So let's put that aside. There isn't even a point discussing it. Gold wins here, hands down. Some people do think the addresses, both in b64 and QR form are quite aesthetic tho...
What we are really discussing is the ease and cost of transacting these assets. Ask any South African armed transport guard, and he'll tell you that he'd only transport gold in a heavily armoured truck, with heavy weapons and backup. Despite that, a lot of trucks, with far less value than gold in it, get violently hijacked every year. Sometimes even with RPG's! I can't imagine the cost of all that, but let's just agree that it's extremely expensive. So I think you can safely say that gold is both harder and more expensive to mine, transact and to look after than Bitcoin. Meanwhile all you need to keep your Bitcoin safe is a private key.
Bitcoin has at least 4 highly valuable use cases.
1. It's regulation resistant. When two parties voluntarily agree to exchange Bitcoin for a trade, nobody can step in between.
2. It's crime resistant. It's almost useless for extortions due to how flagged addresses and accounts can be tracked and shut down by users and exchanges.
3. It's easy and painless to transact across borders and regulated regions.
4. It's a store of value, due to how it's an absolutely finite resource.
It beats gold hands down in all these categories. On top of that it's far more environmentally friendly than gold. But no, you can't fill your teeth with it.
- If a workaround is found to its cryptographic formula, it goes to zero immediately,
- If quantum computing is invented,
- If a government tightens the tax declarations about it, making it a pain for a lot of holders who would then look into liquidating en masse,
- If EY wanted to squash ransomware (as France does, being #1 victim) and requires “source of wealth proof” for every BTC transaction,
- If a country like US or China assimilates BTC to terrorism or evasion, since Iran has been found using it to circumvent petrol restrictions, since Chinese people use it to evade the country, any country could decide for any reason that BTC is illegal and provoke a mass sale.