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submitted 5 months ago by throws_lemy@lemmy.nz to c/world@lemmy.world
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[-] dogslayeggs@lemmy.world 1 points 5 months ago

Do most people have bars of gold sitting around? No. Do most people have gold jewelry like wedding rings and earrings and necklaces? Yes. Can those bars of gold sitting in banks be easily melted down into coins in the event of a society collapse? Yes. Can Bitcoin be usable at all without internet and power? No.

[-] HumanOnEarth@lemmy.ca -2 points 5 months ago

Hmmmm, so in this collapse scenario, there's no internet or electricity, but somehow the infrastructure for melting gold, and the manufacture of things that require gold, just.....keeps on ticking?

[-] choco_crispies@lemmy.ml 1 points 5 months ago
[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

You think if we go back to unga bunga times we're just going to melt down gold and start trading with each other?

That level of apocalypae and we will have way bigger and more urgent problems than trying to reimplement the gold standard in a world without electricity or internet.

Like yes, fire, yeah that's correct it melts gold. But you really think that's a strong argument for investing in gold over bitcoin?

[-] stringere@sh.itjust.works 1 points 5 months ago

My sweet summer child. These things worked before the internet and will work without the internet.

[-] HumanOnEarth@lemmy.ca -1 points 5 months ago

Priceless 🤣

this post was submitted on 20 Oct 2025
41 points (91.8% liked)

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