This is a common refrain, but I don’t actually understand it. Why would counterparties value gold when what they really need are food, water, and weaponry? How would you divide your gold (bars, coins, etc.) to spend it? How would they verify the authenticity of your gold?

Some Bitcoiners acknowledge that gold would be superior to #Bitcoin in a no-internet, apocalyptic scenario, but I’m not convinced. I think internet would be one of the first things to come back, purely out of desperation. As soon as that happens, game over for gold. But I’m not sure it’s not game over for gold even before that.

Show me if I’m being insufficiently imaginative.