Bitcoin blockchain is decentralized, ethereum blockchain and copycat blockchains are not. CBDC blockchains are centralized like Ethereum. It is the centralization aspect that gives (((banks/gov't))) the tyrannical control, and the shear number of bitcoin miners has now grown too big to be controlled by single entity by conventional means.
There are two ways they can try to take it down, but both are high risk: (1) criminalize the use of bitcoin, (2) develop quantum computing far enough to beat 51% of the world's miners at mining with a fraction of the cost.
Yeah and when SHTF you're toally going to have access to the public ledger, the internet, or electricity for it to be relevant. And who started (((bitcoin)))? Oh right, we don't know. Hint: we do and it was the CIA.
Gold and bitcoin each have their flaws.
Bitcoin exchange requires everyone has an internet connection and electrical power, as well as the ability to remember a 12 word password (or safeguard a tool to do that for you).
Gold requires everyone to have purity testers (or at least faith in the mint imprinted on each coin/bar), a trustworthy means to pay in tiny quantities of it for small purchases, and a way to safeguard the amount used for saving large amounts of it.
Either way, best not to put all your eggs in one basket.
bitcoin is also jewish, so that's a pretty big downfall. Gold has no intrinsic value anymore, muh shiny metal used to be a thing but it's not really that meaningful anymore. And also like you said due to impurities etc nobody can know so it's too tedious for a functional currency. Then the fact that the vast majority of gold, like all precious metals, ores and gems sit in boxes in warehouses never to see the light of day.
I dislike any kind of currency backed by physical commodities or blind faith. Money should be backed by work. Money should be seen as evil, because it is. It should be cumbersome, extremely difficult to use, cumbersome to save and a headache in general. This is how Whites cultures did it in antiquity. Money wasn't necessary because of social cohsion, high trust, and high morals.
(post is archived)