Years ago it occurred to me that there are a lot of measures for intellectual intelligence.
I know some really smart people that spend time worrying about stupid shit. Gold bugs are some of the smartest dumb people.
One of the most valuable skills is how to give “proper risk allocation” to various scenarios.
—When I was younger, I would read survivalist fiction, romanticizing"prepping" having some gold, ammo, tools etc is fun.
Realistically, if power and Internet go down and stay down, gold bugs and bitcoiners are equally fucked. dead.
It’s silly to imagine a scenario like you'd see on TV.
Now think about what's most likely, a post apocalyptic scenario where people are trading goods and services for gold?
—or a scenario like Venezuela, Argentina or Beirut?
Hyper inflation makes it hard but hardly impossible to buy the things you need. gold is great but hardly better (fungible).
If I tried to buy something on the black market, I'd rather have a phone and btc than some gold that I need to
(1)prove is real,
(2)a file to shave some off,
(3)a scale to weigh it and
(4)a security team to keep me from getting robbed or shot.
its really hard for me to keep a straight face when people talk about gold in an internet is down forever scenario.
🧡👊🏻🍻
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