everything has limitation "based on circumstances" nothing , nothing is above all - where gold can fail bitcoin can work , where bitcoin fails gold can work - dollar price is useless shit in such circumstances (even Snowden told that in ams. event)
Discussion
i don’t agree. as a industry metal gold might have its thing but in a doomed world nobody produces anything. why dollar price? dollar is a worthless shitcoin. you trade bitcoin for food or weapons in such circumstances.
that was not topic = topic was under what circumstances bitcoin can be worthless or sitting duckas medium exchange when something physical can work person to person
it is worthless in a situation where your partner won’t accept it. 💁♂️
that is another point
100% acceptance is key gold is 80% ahead worldwide in that = bitcoin adoption rate has go up more next 30years - price increase is NOT adoption
acceptance
usability
thing to remember n learn - valid for both
adoption will grow with price appreciation back and forth. no worries. i mean an island where you are the fisherman and another person is a coconut seller. the coconut guy in s hungry and you have fish. in such a situation every medium of exchange is worthless. 😅 but thats completely nuts to think of the end of all mankind…
such a circumstance is very possible - bitcoin remains UNUSABLE even if 2 person agree to accept just wait with seed - EMP strike or solar flare is never out Q even if u not in warzone or jail
🤔 i don’t think it’s very possible. But that could be a possible situation i agree.
adoption will grow slowly among normies once then difference bitcoin vs shitcoin/cbdc