"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.
"Literally no person, entity, organization, or government… can control a bitcoin transaction." Really? You don't think for one minute that the government cannot turn off the electricity and cable to your house? Without electricity how will you get to your bitcoin? How will you trade it? If the electrical grid goes down you will not have anything of value with your bitcoin. Sure, bitcoin is a neat idea, but it takes a resource not in your control to access the bitcoin. An EMP over the CONUS and your bitcoin will be inaccessible forever. Gold and silver are physical and can be stored in a box in the ground. Bitcoin does not have that advantage.
The opposite scenario is also true. Government can confiscate your gold and silver if they want. Try crossing a border with 100k in gold and see how far you get.
The EMP argument is extremely farfetched if you ask me and not a good reason to dismiss the entire concept of digital currency, which has lots of good applications.
No one is arguing that Bitcoin can be used at all times under all circumstances - sure, if the government kills the power grid and/or the internet it will cause disruptions but no one will lose their money. It still can't be confiscated and will still be there when the grid is restored.