"gold is a worse store of value"
I think we haven't the same definition on store of value. I think Gold (& Silver) is the only good store of value because:
- Gold is untouchable, we can't modify it // Bitcoin is a human invention, it can be modified and it was many time already
- Gold have no dependencies // Bitcoin constantly need electricity and internet
- Gold don't care about any regulation, hack, bug, conflict, shut-down, catastrophic event // The first thing downed in modern war is telecommunication systems, phone, internet, electricity, if you are in a war or catastrophic zone, there is a lot of probability you will don't be able to access Bitcoin, that mean when shit happen, you can't rely on Bitcoin
A store of value is not something that will 100x in a year or even keep value against inflation, it something that will preserve your wealth at any time, peace or war, communism or capitalism, democracy or tyranny... Bitcoin is one of the best investment of the decade for sure but it will never be a store of value, it's just impossible, simply because Bitcoin depend on electricity & internet. What will happen if Internet became heavily monitored and access to the Bitcoin network impossible ? What is going on China or north Korea for example ? How will it be in 10 - 20 - 50 years ? I know Gold will be here, I'm not sure about Bitcoin, that's the difference, that's why Bitcoin can't be a store of value
mbl007 / mbl
npub14q…pw5k6
2024-11-16 21:20:10
in reply to nevent1q…w993
Author Public Key
npub14qsndlwxk6nev5hd50qv6auwdmwykpgy0ayec68y7qpjq3xm7jeqkpw5k6Published at
2024-11-16 21:20:10Event JSON
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"content": "\"gold is a worse store of value\"\n\nI think we haven't the same definition on store of value. I think Gold (\u0026 Silver) is the only good store of value because: \n\n- Gold is untouchable, we can't modify it // Bitcoin is a human invention, it can be modified and it was many time already\n- Gold have no dependencies // Bitcoin constantly need electricity and internet\n- Gold don't care about any regulation, hack, bug, conflict, shut-down, catastrophic event // The first thing downed in modern war is telecommunication systems, phone, internet, electricity, if you are in a war or catastrophic zone, there is a lot of probability you will don't be able to access Bitcoin, that mean when shit happen, you can't rely on Bitcoin\n\nA store of value is not something that will 100x in a year or even keep value against inflation, it something that will preserve your wealth at any time, peace or war, communism or capitalism, democracy or tyranny... Bitcoin is one of the best investment of the decade for sure but it will never be a store of value, it's just impossible, simply because Bitcoin depend on electricity \u0026 internet. What will happen if Internet became heavily monitored and access to the Bitcoin network impossible ? What is going on China or north Korea for example ? How will it be in 10 - 20 - 50 years ? I know Gold will be here, I'm not sure about Bitcoin, that's the difference, that's why Bitcoin can't be a store of value",
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