I use “bullionvault” so it is basically a custodian and i have to trust them. I could withdraw into fiat easily, it allows to withdraw in gold too but never did it. It shows how gold is inferior in terms of self-custody, verifiability, etc etc to bitcoin. I am just afraid that the monetary crisis we are going to go through will not end up with bitcoin as people are stupid but with gold as states will choose it as they control it more. For them fiat > gold > bitcoin, but fiat might soon lose the confidence of the people and then they have to propose something
Obv own much more bitcoin than gold
edouard
npub1d0…c5c5w
2023-05-07 14:58:41
in reply to nevent1q…n8ax
Author Public Key
npub1d0usdfqjjl4zulexrkulx6t2898g6rwntmdlqduq9v9xjv79gzrsgc5c5wPublished at
2023-05-07 14:58:41Event JSON
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"pubkey": "6bf906a41297ea2e7f261db9f3696a394e8d0dd35edbf037802b0a6933c54087",
"created_at": 1683471521,
"kind": 1,
"tags": [
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"content": "I use “bullionvault” so it is basically a custodian and i have to trust them. I could withdraw into fiat easily, it allows to withdraw in gold too but never did it. It shows how gold is inferior in terms of self-custody, verifiability, etc etc to bitcoin. I am just afraid that the monetary crisis we are going to go through will not end up with bitcoin as people are stupid but with gold as states will choose it as they control it more. For them fiat \u003e gold \u003e bitcoin, but fiat might soon lose the confidence of the people and then they have to propose something\n\nObv own much more bitcoin than gold",
"sig": "41ed6053b39d76c4ec7b2132c2edd79140bea8983247b420ab93e4a1ae64e3b2747139501a44ac25a00e5f4522aa240f0bb7aa35fb43a12d7d0f6147c0e4807c"
}