nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle consider approaching Peter like he is a gold chad, fresh off the beach, who doesn’t give a fuck and who is just there for marketing, happy to win or lose the debate. He’s part of the joke, trying to benefit from the engagement happily. Probably the best argument is that Bitcoin is globally portable while gold is stale and domestic, and dunk on that. Peter is always worried about American collapse but be like, “if America collapses wouldn’t you want portable capital rather than domestic metal?”
Discussion
Exactly this. Peter is engagement farming bitcoiner as a group for a while now and it’s fun to watch but it is not serious.
He’s not an idealist like nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and many other Bitcoiners but has become cynical. Cynicism is his weak spot but idealism is ours tbh.
Aside from this the case is clear. There are things gold can’t do, that only Bitcoin can.
Who watches his gold while he is traveling the world to get that tan?
Why is the talking only about which asset is portable, when no one talks the passports that make portability useful in the first place?
If you are legally trapped in a country, so what if it can’t be accessed somewhere you can’t be, unless you have heirs that aren’t also trapped in said country.
Diversify or die
Gold in a global collapse:
1) Silver has a large advantage over gold
2) The police is not on its way to protect your property (gold)
3) You cannot store gold in your brain with 12 words, or distribute access to the vault across family members
4) Protected mines and vaults can be opened and the inflationary pressure can ruin the value of gold
5) Communications and power is always the first priority to restore in a collapse, this is the domain of bitcoin. Protecting your bank vault is always the last priority.
6) Governments will knock on your door and tie you up to collect physical assets they can see, and will need to torture you to steal your bitcoin.
7) Nobody is going to front-run gold unless they have help from banks and the government