The apocalypse thing is a stupid thought experiment at the end of the day. I think it’s fair to say gold would be better than Bitcoin in a total apocalypse scenario. But this isn’t why people buy Bitcoin. It’s not the collapse of civilization people are buying gold and bitcoin for, it’s the collapse of the US dollar (and all fiat currencies).
For that collapse scenario, which is exponentially more likely than the literal apocalypse, Bitcoin is king. It’s an objective fact. It’s literally the most logical solution to that problem. This isn’t to say that Bitcoin doesn’t have downsides. It does. But that doesn’t change the fact that it’s inevitable. That’s what most people can’t seem to wrap their heads around
We’re losing the plot here.
The apocalypse thing is a stupid thought experiment at the end of the day. I think it’s fair to say gold would be better than Bitcoin in a total apocalypse scenario. But this isn’t why people buy Bitcoin. It’s not the collapse of civilization people are buying gold and bitcoin for, it’s the collapse of the US dollar (and all fiat currencies).
For that collapse scenario, which is exponentially more likely than the literal apocalypse, Bitcoin is king. It’s an objective fact. It’s literally the most logical solution to that problem. This isn’t to say that Bitcoin doesn’t have downsides. It does. But that doesn’t change the fact that it’s inevitable. That’s what most people can’t seem to wrap their heads around