All fine and dandy in a perfect world. But look at last 5k years of history and see that gold fails everytime. Ask yourself why.
Romans used gold.
USA used gold.
Gold won't save you.
Discussion
Btc won't save the state. The state is incompetent and will collapse regardless. You gotta save yourself. Or at least try lol.
I agree with you here, the state is incompetent and often slow. But when shit hits the fan, everyone looks to the state for bailouts
that's how it's designed. They want you dependent on the state. When shit really hits the fan people will get in line for free food just like they got in line for free vaxx. Government propegemda station will just tell you where to go. Free food.
Yes, the masses are dumb and uneducated.
It's either that or death.
In South Africa, any simple changes in inflation kills people, so our central bank keeps that at the forefront of their minds.
In fact, they were the first to raise rates in 2021! During the boom cycle and everyone mocked the central bank.
Alas, when inflation did hit a year later we were only seeing marginal changes (0.5%) versus the USA at 5%
Ya Central banks are retarded.
They're meant to be. They only control the flow of money, and don't set monetary policies.
And they can only do that via interest rates to the banks.
The banks are the ones who fuck everyone, creating money out of nothing so that people can get loans for houses, cars, clothes whatever.
Rates will remain higher until the appetite for debt drops substantially.
Gold failed because the Romans couldn't pay soldiers and maintenance using the finite pot of supply.
This is merchantilsm.
However Gold hasn't failed in India or China. The USA also didn't fail with gold until Nixon moved off it in 1971.
You need fiat aka debt to facilitate growth (look at how the USA has boomed and developed since 1971)
After all, what are bitcoin treasury companies? They'll have an issuance of paper Bitcoin's aka lighting in order to facilitate growth 📈 but not bitcoin