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RE: Bitcoin vs Gold: Just the facts..
I keep reading these and I think yall are missing the fact that if it comes back to a time where we're relying on gold and silver as money, that's not a world I want to live in. That means we will basically be back in the dark ages? Is that something you really want?
I understand the value of gold and silver because if our economy collapses it's a store of value that's universally accepted, but I just hope you understand the doomsday scenario in which a bitcoin/fiat goes to $0.
Saying that relying on Gold and Silver as money is like going back to the dark ages is like saying that a government living under a budget is like going back to the dark ages.
Currency used to be backed by gold, and you could only print as much money as you had gold.
The true insanity is having a free floating currency. Perhaps that's why the US dollar has lost 97% of it's purchasing power since the start of the 20th century.
bitcoin has been pumped for various reasons, some legit and some shady. This isn’t about the stone age. This is about reality. For instance, if i go to a regular end of the mill convenience store and I present a BtC wallet vs a gold coin; what do you suppose the person will trade/let you buy with? Tulips..
There were many things that were traded before fiat.
I understand what you're saying, but I'm also saying I'd rather live in a world where bitcoin and gold are worthy investments/store of values.