Why are there some here who are adamant that bitcoin is some sort of deep state ploy to control all the money in the world?

It is easily verifiable that no govt agency controls any large percentage of the supply. It is the most evenly distributed currency in HISTORY. And by far the most fairly distributed. The govt’s late reaction to bitcoin allowed for bitcoin to become this way. Had the govt’s jumped on back in 2011… then it would be a different story.

Why is it gold and precious metals always argued as a better option?

Do you really think you are going to be able to easily spend your gold if and when the current system crashes? How are you going to break it down into smaller fractions? What if you just need $5 worth of it for a coffee?

Do you also think the U.S. and other govt’s won’t do what they’ve done before and confiscate these precious metals in a dire time, to allow them to return the dollar to a gold or some other standard? (Think FDR…)

Are you not at all worried that it could happen again?

This is why bitcoin is so feared by the fed. It’s out performed every single asset for the past 12 years…. And they own less than 2% of the supply for it.

They cannot control it. They are too late. The only way they can control a large percent of the supply would be to cause an unimaginable dramatic value increase in BTC (over $1m per coin).

They cannot stop it. The network is completely decentralized… similar to how they cannot stop the onion network because it is decentralized and hosted “by the people”. The only way they could stop it would be to shut down the internet… GLOBALLY…. No single govt can pull that off for any long length of time… sure one country can shut off but that’s not going to shut the world off… it would only hurt the country who does it or tries to stop it. The same reasons the dark web hasn’t been shut down is why bitcoin can never and will never be shut down.

They cannot seize it (on a large scale)… individuals can get arrested and have their wallet seized by authorities, but these situations the individuals are basically allowing it to happen or agree to it in some sort of plea deal for their CRIMES. Authorities have no easy means to just “take” your wallet or funds from it… you have to give it to them, or very stupidly stored the passcodes for your wallet and they find that. This is the only time BTC has ever been successfully seized. Gold has millions of examples like this as well.

Gold and precious metals are fine investments too, but they are in no way superior to bitcoin if and when the sh*t hits the fan. We have even seen real world examples of it… look to Venezuela, when their currency has the massive inflation problem some years ago (still does), the people turned to BITCOIN as a means for day to day transacting… because it was easier than carrying around a wheelbarrow of the worthless currency and also easier to spend than any precious metal. (https://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/)

Do what you will. I don’t intend for this post to be a “buy Bitcoin!” Post; it is more of a rebuttal to the core argument I hear on this forum regarding gold and silver. It is also a defense of bitcoin, because some here don’t clearly see why bitcoin is a massive problem for the system, and why that is a very good thing.

Disclaimer: This post is not intended as financial investment advice in any way shape or form.