Gold bugs basically sit around expecting things to collapse or for governments to repeg their currencies to gold. The narrative is always that within a few years they will have some giant price surge. I like gold and gold some, since it has some uses, but overall gold spent the past five decades getting left behind by the world.
What makes bitcoin interesting is that it is both fast and hard, and as an open source network can improve in various ways (either the base layer, or higher layers, or apps attached to it).
When people say bitcoin is a joke, my response is to ask them to show me something that does what bitcoin does better. If I want to hold value for the next several years self-custodially, in something that is unlikely to get diluted, with the capability to bring that value globally in arbitrary size with me of need be (can’t do that with cash or gold), and with minimization of ways that governments could freeze my holdings, what should I use?
LynAlden / Lyn Alden
npub1a2…cw83a
2023-09-12 08:08:15
in reply to nevent1q…hxff
Author Public Key
npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83aPublished at
2023-09-12 08:08:15Event JSON
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"content": "Gold bugs basically sit around expecting things to collapse or for governments to repeg their currencies to gold. The narrative is always that within a few years they will have some giant price surge. I like gold and gold some, since it has some uses, but overall gold spent the past five decades getting left behind by the world.\n\nWhat makes bitcoin interesting is that it is both fast and hard, and as an open source network can improve in various ways (either the base layer, or higher layers, or apps attached to it).\n\nWhen people say bitcoin is a joke, my response is to ask them to show me something that does what bitcoin does better. If I want to hold value for the next several years self-custodially, in something that is unlikely to get diluted, with the capability to bring that value globally in arbitrary size with me of need be (can’t do that with cash or gold), and with minimization of ways that governments could freeze my holdings, what should I use?",
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