Do most people have bars of gold sitting around? No. Do most people have gold jewelry like wedding rings and earrings and necklaces? Yes. Can those bars of gold sitting in banks be easily melted down into coins in the event of a society collapse? Yes. Can Bitcoin be usable at all without internet and power? No.
Hmmmm, so in this collapse scenario, there’s no internet or electricity, but somehow the infrastructure for melting gold, and the manufacture of things that require gold, just…keeps on ticking?
You think if we go back to unga bunga times we’re just going to melt down gold and start trading with each other?
That level of apocalypae and we will have way bigger and more urgent problems than trying to reimplement the gold standard in a world without electricity or internet.
Like yes, fire, yeah that’s correct it melts gold. But you really think that’s a strong argument for investing in gold over bitcoin?
Gold is also a shitty investment. But it’s a slightly better investment than Bitcoin. It has tangible value.
You’d be much better off investing that money in your community and building a robust support network, a small co-op to grow food, and find a secure source of clean water. If the kind of collapse people are talking about in this thread happens, no amount of Bitcoin or gold is going to be worth anything. But grain and water will be priceless.
The apocalypse thing is a stupid thought experiment at the end of the day. I think it’s fair to say gold would be better than Bitcoin in a total apocalypse scenario. But this isn’t why people buy Bitcoin. It’s not the collapse of civilization people are buying gold and bitcoin for, it’s the collapse of the US dollar (and all fiat currencies).
For that collapse scenario, which is exponentially more likely than the literal apocalypse, Bitcoin is king. It’s an objective fact. It’s literally the most logical solution to that problem. This isn’t to say that Bitcoin doesn’t have downsides. It does. But that doesn’t change the fact that it’s inevitable. That’s what most people can’t seem to wrap their heads around
Do most people have bars of gold sitting around? No. Do most people have gold jewelry like wedding rings and earrings and necklaces? Yes. Can those bars of gold sitting in banks be easily melted down into coins in the event of a society collapse? Yes. Can Bitcoin be usable at all without internet and power? No.
Hmmmm, so in this collapse scenario, there’s no internet or electricity, but somehow the infrastructure for melting gold, and the manufacture of things that require gold, just…keeps on ticking?
Umm… fire?
You think if we go back to unga bunga times we’re just going to melt down gold and start trading with each other?
That level of apocalypae and we will have way bigger and more urgent problems than trying to reimplement the gold standard in a world without electricity or internet.
Like yes, fire, yeah that’s correct it melts gold. But you really think that’s a strong argument for investing in gold over bitcoin?
Gold over Bitcoin? Yes.
Gold is also a shitty investment. But it’s a slightly better investment than Bitcoin. It has tangible value.
You’d be much better off investing that money in your community and building a robust support network, a small co-op to grow food, and find a secure source of clean water. If the kind of collapse people are talking about in this thread happens, no amount of Bitcoin or gold is going to be worth anything. But grain and water will be priceless.
We’re losing the plot here.
The apocalypse thing is a stupid thought experiment at the end of the day. I think it’s fair to say gold would be better than Bitcoin in a total apocalypse scenario. But this isn’t why people buy Bitcoin. It’s not the collapse of civilization people are buying gold and bitcoin for, it’s the collapse of the US dollar (and all fiat currencies).
For that collapse scenario, which is exponentially more likely than the literal apocalypse, Bitcoin is king. It’s an objective fact. It’s literally the most logical solution to that problem. This isn’t to say that Bitcoin doesn’t have downsides. It does. But that doesn’t change the fact that it’s inevitable. That’s what most people can’t seem to wrap their heads around
My sweet summer child. These things worked before the internet and will work without the internet.
Priceless 🤣