If American still holds all the gold, we will not be selling it and turning it into digital coins.
It’s also wild to look at “gold will destroy the Fed” and think gold means BTC; gold had to be killed to create the FED.
I understand why the guy with 2% or something wants literally every monetary asset class to be emptied into it, but it’s a no for me dawg.
That's not what he's saying though. He's not advocating for everybody to buy BTC, he is predicting the total dematerialization of everything into an immutable ledger where things are no longer tokenized and tethered to real-world physical objects. Just like, in a different tweet I found, think of your music collection. It's no longer CDs. Just about every song you can think about listening to is available on Spotify or iTunes or whatever. He's not saying that gold will go away, he say that the physicality of everything, literally everything, is going away
Just like, very soon here nobody will own a physical car, they will just order whatever car is nearest and nearby on an app, and pay for the transportation they use, why would you even have a garage, anymore? By the same token, haha, no pun intended, he is asking, well, why would you own physical gold, when digital gold exists and basically represents the exact same thing?
Morning Bitcoin is not owning nothing. Just like with your Spotify music list, think of the audiobooks you have bought, do you own the book? No it's not physical. But that's the only thing. Nothing is preventing you from having the book and enjoying it. The same works with Bitcoin. Most people don't understand what makes Bitcoin valuable.
The way I see it, unless I have it in my hand, like a cd as you put it, how else am I supposed to know I'll actually own it and always have access to it? Just cause you pay for something online, which comes down to acquiring a license to use it, does not mean you own it. The physical will always beat the digital to me. Every time.
If American still holds all the gold, we will not be selling it and turning it into digital coins. It’s also wild to look at “gold will destroy the Fed” and think gold means BTC; gold had to be killed to create the FED. I understand why the guy with 2% or something wants literally every monetary asset class to be emptied into it, but it’s a no for me dawg.
That's not what he's saying though. He's not advocating for everybody to buy BTC, he is predicting the total dematerialization of everything into an immutable ledger where things are no longer tokenized and tethered to real-world physical objects. Just like, in a different tweet I found, think of your music collection. It's no longer CDs. Just about every song you can think about listening to is available on Spotify or iTunes or whatever. He's not saying that gold will go away, he say that the physicality of everything, literally everything, is going away
Just like, very soon here nobody will own a physical car, they will just order whatever car is nearest and nearby on an app, and pay for the transportation they use, why would you even have a garage, anymore? By the same token, haha, no pun intended, he is asking, well, why would you own physical gold, when digital gold exists and basically represents the exact same thing?
So, you'll own nothing and be happy?
Morning Bitcoin is not owning nothing. Just like with your Spotify music list, think of the audiobooks you have bought, do you own the book? No it's not physical. But that's the only thing. Nothing is preventing you from having the book and enjoying it. The same works with Bitcoin. Most people don't understand what makes Bitcoin valuable.
The way I see it, unless I have it in my hand, like a cd as you put it, how else am I supposed to know I'll actually own it and always have access to it? Just cause you pay for something online, which comes down to acquiring a license to use it, does not mean you own it. The physical will always beat the digital to me. Every time.