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?
I have gold and can transport it. We traded gold before we had an international banking structure. We don’t need electricity or the internet for the trade in gold.
Crypto has no utility. It cannot be transported as it isn’t a physical asset. It cannot be used for any other purpose eg you can’t make a hat out of BTC or ETH. Gold and crypto are not the same when it comes to their usability as a currency.
No they’re not the same, you’re correct. You’re totally incorrect that it has no utility. You honestly just don’t understand how it actually works. I really, strongly suggest understanding
I have spent 15 years following crypto. I promise you that I know how it works. The fact is the fanboys are the ones who are mistaken as so much of that scene is built by people who either know fuckall about currency policy or are scammers.
Just to hold you accountable, kindly give me a brief explanation of how bitcoin works. If you know how it works, you should be able to explain it, and if you use Google to explain it for you, you’ll defeat your own argument. So please, try if you don’t mind?
That thing sounds like it needs a functioning internet and communications system. If society collapses I wouldn’t bet on the blockchain being usable.
And gold? A huge percentage of which people hold non-physically?
It’s almost like you can come up with arguments that NOTHING is safe without a functioning internet and communications system.
So…what’s the difference here?
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?
My sweet summer child. These things worked before the internet and will work without the internet.
Priceless 🤣
I have gold and can transport it. We traded gold before we had an international banking structure. We don’t need electricity or the internet for the trade in gold.
Crypto has no utility. It cannot be transported as it isn’t a physical asset. It cannot be used for any other purpose eg you can’t make a hat out of BTC or ETH. Gold and crypto are not the same when it comes to their usability as a currency.
No they’re not the same, you’re correct. You’re totally incorrect that it has no utility. You honestly just don’t understand how it actually works. I really, strongly suggest understanding
I have spent 15 years following crypto. I promise you that I know how it works. The fact is the fanboys are the ones who are mistaken as so much of that scene is built by people who either know fuckall about currency policy or are scammers.
Just to hold you accountable, kindly give me a brief explanation of how bitcoin works. If you know how it works, you should be able to explain it, and if you use Google to explain it for you, you’ll defeat your own argument. So please, try if you don’t mind?
Why would you have the right to hold me accountable? And hold me accountable for what?
Objectively false
Lol sorry buddy but that’s true. Followed crypto for 15 years and the space is filled with guys who never took an economics course