I don’t “trust” either. One is a government-sponsored fraud built on thin air, while the other can be effectively obliterated with the appropriate tech czar put in charge to either outlaw its use, block access, or even just shut down the internet in general.
How do you trade and verify crypto with no internet, or worse, rolling blackouts lasting for days or even EMP discharges?
There’s a reason why I’ve always been a believer in hard metals. They can go untraced. They aren’t reliant upon the infrastructure. They’re absolutely limited in physical volume.
I see your precious metals and raise you guns, knives, axes and gardening tools.
Those who beat swords into plowshares end up plowing for those who didn't
I’m up for both. At first, things could fall into a barter system. However, eventually there will be a need for a portable, universal system of exchange that won’t be able to be debased or fraudulently “duplicated.”
Regulators operate at the whim of the level of competence of innovators. So far, the latter is running circles around the former and I don't see that changing in the next couple of decades or at all. Blocking access won't work either. You can't just shut down the internet. Starlink is ramping up and the complications it inspires says just enough. What did you think Space Force was about again?
How do you trade or verify crypto with no internet?
kek You poor, poor brainlet. It feels like you don't deserve to know. Maybe you'll figure it out one day, big guy.
Power goes out
God what a retarded thing to say. What if an asteroid hits the earth tomorrow? Are you going to starve yourself, not have sex with your wife, approach a woman you're attracted to? Are you going to give up hygiene because you could die tomorrow?What a retarded ass argument. The intellectual ineptitude this kind of argument takes is insulting at best. Why the fuck will you care how much money you have if our digital world is suddenly obscured. You should care a whole lot more about not starving in a few weeks in that scenario. What retard asks why you should make good money because one day you might die? Do you seriously not realize how fucking stupid this argument is?
Metals are better.
They're the next best thing. I'll grant you that. So, how do you plan to do business with some guy in France with your metals? Are you going to send ounces across the pond? Are you going to do business with someone across the country, even? How about across your state? Are you going to send ounces across your state?... You should feel bad for making a comment like this without being privy to the basics of modern economics and people like you do not deserve to participate in these conversations.
Do your own research or remain poor.
Hard metals are only valuable while dollars have value. The only reason most people want "precious" metals is based on its "dollar" value. I will not trade food for gold. I will not trade tools for gold. It will have no value along with everything else when the dollar collapses. Steel, titanium, and tungsten on the other hand would still be very valuable.
You’re right, dollars existed for thousands of years while hard metals only were invented recently. That’s why when the dollar was cut loose from gold in the 1970s, gold values dropped like a rock while the dollar became stronger.
You would have been better holding dollars to gold the last ten years.
You win.
You can use blockchain via satellite but if people arent doing on a large scale then there isnt much use.
(post is archived)