The thing that really bothers me about gold is it’s betting on a regression for humanity. Gold fixes nothing in a world today that deals in commerce across space. At the end of the day golds best hope is we regress back to a trust model of “gold backed” fiat because gold is completely impractical for commerce as we know in the 21st digital century. It’s like begging to make the same mistakes we’ve already learned from and I personally find it incredibly depressing to think we go back to a standard where we have to trust an asset already paper traded 200-250:1 isn’t going to end up in catastrophe again. Bitcoin is truly our only hope.
Discussion
100% this.
Well said.
Na. Fiat shills won’t give up everything in one go. They will do the gold thing, if we are lucky, and it will be slightly better than what they have now on the whole. It’s on the way to them giving in to bitcoin, I don’t hate it so much.
It makes absolutely no sense to me that people are buying “Gold” and then never really owning the gold. You never actually get gold correct?
It’s like going back to landline phones when we now have cellular phones.
Gold is being demonetized, but it’s price will still go up when priced in dollars.
If you price gold in bitcoin, you’ll see it’s trending toward 0.
Your assertion regarding gold “betting on a regression of humanity” is false. It’s no more true than saying buying any commodity is betting on a regression of humanity. Gold has value because it is indestructible, and the thing you use to purchase it is fake. Period, end of story.
All the other stuff you’re talking about is noise. Gold is real. Bitcoin is real. Dollars are not. That’s as deep as it goes. It’s not a zero-sum game where it’s bitcoin or gold. Both have merit as diversifying instruments that act as wealth removed from the control of politicians. One digital, one analogue.
Spot on 👏👏👏🧡⚡️
YES
💯 👏 👏 👏