LIVE: President Trump Delivers Remarks at Bitcoin Conference in Nashville
(rumble.com)
₿ DECENTRALIZE THE FROG 🐸
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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)