Nostr

Don't centralized your wealth in one basket ..

Isn't diversification Decentralization ?

#askNostr

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Virtus 8mo ago

Diversification isn't in itself always the best strategy.

Bitcoin is the most decentralised asset by its nature. Diversification into other monetary assets achieves another kind of decentralization but in a way that doesn't maintain purchasing power like storing wealth in bitcoin alone.

That said, you're in India, right? I have heard lots of people store (and presumably use) gold in India so it might be strategic for you to also have some gold as another way around using fiat (especially the Indian CBDC) until BTC catches on more.

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Discussion

Satosha 8mo ago

Bitcoin is Decentralised ??? There are only 85 K nodes . Of which probably 10 k miners !!! Right ? ..... #gold literally has a shop in every single city , town .. even a village ! . . And billions of people who self custody ..gold

Virtus 8mo ago

A portion of the gold supply is geographically distributed as are the on ramps and exit ramps. But the gold *network* is very centralized and manipulated.

But the only point I was making was that between the two bitcoin is a better store of wealth while gold can still be used strategically depending on ones context/jurisdiction.

Satosha 8mo ago

Around 3 Billion people ( in India and China ) self custody 60,000 tons of gold .. more than all the nation states combined ! Including US and China central banks !

It is literally the most plebs owned asset :-)

Satosha 8mo ago

And who is centralizing #gold network ? You can go buy gold in any part of the world without KYC ..