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@ Satoshis Nephew
2025-05-02 14:22:14
One difference - Gold does not depend on the internet or the grid.😁 (normie)
Reply by South African Billionaire…
Yes, gold doesn’t depend on the internet or the grid…in theory…but let’s be real…if the power grid and internet went down globally, we’d be dealing with full-blown societal collapse. At that point, owning gold wouldn’t matter unless you can eat it, defend it, or trade it with someone who still thinks shiny rocks are worth canned food.
Also, let’s not pretend everyone who ‘owns’ gold actually possesses it. Most gold ownership today is just paper claims (ETFs, vaulted reserves, custodial holdings…actually all recorded and monitored via DIGITAL DATABASES ON TECHNOLOGY THAT WOULD NOT WORK IF THE INTERNET AND GRID WENT DOWN) which ironically DO rely on the internet and financial infrastructure. If the grid goes down, good luck accessing your ‘allocated’ ounces sitting in a vault 5,000 miles away 😉
Meanwhile, Bitcoin offers something gold never could…self-custody, portability, divisibility, and borderless transfer. If we are in a Mad Max scenario, the medium of exchange will be bullets, not bullion. But short of that, Bitcoin gives you freedom and access that gold simply can’t match in a modern world…
Let’s entertain the “no internet, no grid” scenario. You think gold gives you the upper hand? Let’s be honest…if you don’t have physical possession of your gold in your hand (not some vault slip, ETF, or custodian login), you’ve got nothing. And even if you do have bars at home, how exactly are you planning to trade them in a crisis? Shave off slivers? Carry it in your pocket and hope someone accepts it? Verify its authenticity with… what, your survival kit x-ray scanner? 😂 Gold bugs forget the verification difficulties…could go on and on here!!
Now flip the scenario: the grid and internet start coming back online. Bitcoin doesn’t need a branch office, armored truck, or FedEx shipment to “wake up.” It’s software/digital. As soon as one node connects, and then another, the network starts syncing…block by block, wallet by wallet. Your Bitcoin, even if stored offline, instantly becomes liquid and globally accessible again. No middlemen. No delay. No paperwork…GLOBALLY, INSTANTLY!!
Bitcoin will be the first monetary asset to come alive the moment the lights flicker back on. Gold? It’s still sitting there, waiting for someone to weigh it, test it, or ship it…like it’s 1805.
Bitcoin isn’t dependent on the grid…it just uses it better than anything else ever created 🤸♂️
#bitcoin #BTC #timechain #digitalcurrency #HODL #satoshi #mining #lightningnetwork #asknostr