LIVE: President Trump Delivers Remarks at Bitcoin Conference in Nashville
(rumble.com)
₿ DECENTRALIZE THE FROG 🐸
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If it came down to it, I could barter with PM. People are willfully ignorant if they believe BTC is superior to physical gold or silver in a survival situation. The impending economic crash qualifies. People are in for a real rude awakening...I agree everyone should hold some digital currency, but also diversify with PM and cash.
What do you think a farmer will be eager to accept, PM or BTC? Nothing like getting laughed off a farm when your kids are starving..."Next! Please move along sir...bu but muh digital wallet!!!" - You're kidding, right?
Nah...I like things I can hold in my hand. It's how my people survived for hundreds of years. But you do you...free country and all that. In a world of bait and switch, some of us are beyond tired of the bs and returning to our roots and ancestral wisdom. If you don't physically have it, you don'treally have it now do you? PM is money. It meets all the requirements for money. BTC is not money, it's like currency. Huge difference. If you don't know the difference, educate yourself. Seriously... find out the difference between money and currency. Few know.
Bitcoin is worth nothing when it comes down to brass tacks. It derives its perceived value from collective agreement. It's not a commodity. It has no more utility than a paper dollar, I'd even say less because you can't even shoot a spitball out of a BTC... maybe pretend you can?
There's nothing that anyone could say to prove otherwise. Like I mentioned, this shit is like a religion to you BTC people. You might as well be jojoba witnesses knocking on the door...did you see the curtains move? lol So you collect your zeros and ones, and I'll keep stacking PM, liquor, medications, lead and canned protein. And that's fine... that's your right...as is mine to do what I want - storing my time & labor in whatever container I see fit. And if it all turns out to be bunk, I'll cash it all in for BTC and we can all have a big party on the interwebs.
Desperate people will give precisely zero fucks about BTC if things keep going the direction they are going. Gotta go put my livestock up now - you have a good night. But some PM before it's too late. I'm up 60% already...
You're arguing against the cryptobro in your head at this point kek
Over here, I actually agree with virtually all of that, especially "I like things I can hold in my hand. It's how my people survived for hundreds of years. In a world of bait and switch, some of us are beyond tired of the bs and returning to our roots and ancestral wisdom."
I truly would like nothing more than a return to a more traditional system where people use silver coins to buy goods and services from their local community. I meant it when I said "best case scenario". That would be my personal ideal. Of course, part of that still includes something for online financial transactions when they occur.
My point was basically this: Aside from the ideal scenario, which I find unlikely to become the norm, precious metals only work/are only going to be optimal in a survival scenario. This is fine, but it's a solved problem if concerns over such a scenario become real: buy metals, sit on metals, repeat until shit hits the fan.
The unsolved problem is what do we replace the online system with. My suggestion was simply that crypto is the solution for that, chiefly Bitcoin.
Also, in the particular case of an economic crash: Bitcoin does really well when the dollar does really shit. Do you really think the average millennial city dweller will run out to buy precious metals over crypto if they see the dollar tanking in value? Doesn't matter if it's dumb or worse than physical gold/silver if it's what a large portion of people do. Up until the moment that the power starts going out, most people will prefer the easy thing, which is online funny money. Only once their access to their online money is visibly shown to be in doubt will most people want something they can hold. So depending on how long a crash lasted for, and depending on if Bitcoin could take over the position of the dollar before the internet/power shuts off, there may not even be a point where the vast majority of normies rush to precious metals.
And to clarify, by "your solution doesn't work", I was referring to precious metals as a kind of 'all we need' solution. If that isn't what you were suggesting, then my bad and carry on stacking fren. (Personally, I've got a pitifully small stack, but it's better than nothing)