BTC Nomad on Nostr: Assuming we'll always have electricity and global communications, which I think is a ...

Assuming we'll always have electricity and global communications, which I think is a safe assumption for our lifetimes, then it's a better store of value than gold, because gold is mined at 1.8% per year. That's why the fed claims to have an inflation target of 2% (though it's way beyond that, and in reality way beyond what they even claim).

So the amount of gold that exists doubles about every 40 years. The point of Bitcoin is that it doesn't do that. That's why I say it's a better store of value than gold.

But if you calculate the risk of mass EMP to be higher than I do, then you'd prefer gold. In that way, Bitcoin is a bet that we'll always have electricity and a way to communicate, with only brief and localized exceptions.