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I view gold as useless. And I view bitcoin as hundreds of times more valuable than the largest companies in the world combined.

So, until we take that #1 position on the market cap list, I could care less about the fiat value of bitcoin. Even then, I won’t care because everything will start being priced in bitcoin. We will swap the denominator with the thing that is actually valuable to the entire world.

Zoom out. We don’t need to play within the system, we can break out of it entirely. Follow the orange trail.

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Discussion

Matt 6mo ago

Sure, but just ignoring the current value compared to the current base measurement is a great way to miss potential problems. And it attracts more people into the new system.

Matt 6mo ago

And how would you even know when it gets to the top of a fiat list without focusing on fiat value?

HoloKat 6mo ago

It’ll keep doing as it was designed to do - to bring fairness to the world.

Matt 6mo ago

Yes, if adoption continues. It wouldn't if people had no way of judging it's progress within the current frame.

Matt 6mo ago

But I think it is one of the more boring topics overall. It's fun for a few minutes for me and then I'm back onto other things that actually interest me. Ideally, Bitcoin will make money boring again. Too much shit is financialized, which is probably why so many people are focused on it.

crany 👽🧡🗿 6mo ago

I view gold better than fiat, and Bitcoin way better than gold

HoloKat 6mo ago

A nicer turd is still a turd.

Consciousness Incarnate 6mo ago

Its not useless you can sell it to boomers and then buy #btc

HoloKat 6mo ago

Give it to me I sell it right away. Useless.

Consciousness Incarnate 6mo ago

Right away sir. Rat poison

BE 6mo ago

Yeah, I agree that bitcoin is vastly superior to gold, but I also know that most people don’t know that - so, for another couple of decades it may be wise to stack sats to the max but keep a little gold, silver, soap, cigarettes, and condoms stashed away for barter and a little brass, lead, and steel handy for other reasons.

Kayne 6mo ago

Without gold Bitcoin would not exist.

Simple fact.

There's gold in your phone, gold in your computer.

Like copper and silicon and everything else that is required for the internet and energy infrastructure to function.

Kayne 6mo ago

Gold is an extremely useful natural resource.

It's crazy how people think that gold is only valuable as a speculative asset to gamble on.

That entire way of thinking seems retarded to me.

Orange🍊Man👤 6mo ago

Indeed.

Gold as a monetary metal is phasing out, but it still has its uses for ornamental and technological purposes.

Bitcoin Events SV⚡️😁 6mo ago

When I lived in Wisconsin and believed if shtf I would stay put no matter what, some gold and silver and the preparation closets were full. During covid my strategy changed to being mobile, warm climate with year long farming, and lots of rain and ocean coastline. Still keep some silver handy.