Quebec | Hawkeye1 - 4/15/2026 09:36
Gold has the biggest army?
That is the sound of someone who still thinks money needs a moat, a vault, and a permission slip from the guys with the tanks.
Bitcoin's army is mathematics + 600+ exahashes per second of decentralized compute that literally cannot be confiscated without every single holder’s private keys. Good luck invading that with artillery.
If push comes to shove, no country is going to war to prop up BTCs. Up until 1973, depletion of gold reserve could trigger monetary crisis and you can bet many a countries' leaders took full advantage.
And yeah, we both eventually touch fiat to buy groceries.
That's my point. You cannot use BTCs for anything useful. It's an extra step in moving value around:
Do something valuable --> get paid in fiat currency --> buy BTCs* --> buy fiat currency --> consume or invest that starting value
The difference is I can move seven figures across the planet in my head in ten seconds without a suitcase, a dealer, or a customs form. Your gold still needs a Brinks truck and a scale. One of these is "transitory." Hint: it's not the one that’s been called dead 500 times and is still here.
I'm not saying BTCs or crypto in general will die out. I'm saying they are useless except for edge cases that I layed out in my previous posts. You can already move more (alot more) than seven figures across the planet using existing systems. 99.9% of the time, nobody is physically moving gold around though buying and selling it.
Optimists?
No. We’re just the ones who noticed the printer is running 24/7 and decided the future doesn’t need to be lugged around in wheel barrows.
I'm certainly not going to argue with you on that issue as I do not have a say in it. That's something your government decided it would do back in 1973. Somebody has to pay for your annual budget deficits and currently, it ain't you. As long as there is a demand for greenbacks, you'll be fine'ish. Other countries are jealous!
*You can hold on to BTCs as a hedge against your local fiat currency. But then why not use any other fiat currencies without any of the drawbacks of crypto? Your just speculating hoping for some momentary irrational exuberance hence my comment about tulip bulbs. |
Iran tollbooth
