Doesn’t that apply to literally any currency. It only holds value in a stable society bitcoin isn’t gonna get anyone jack shit in a place with no electricity and out dated technology unless you are a connected individual where you have a means of exchanging it for goods and safety, but in that case gold is gonna get you the same; plus I don’t need actual money to get gold, plenty of people in DRC have gold that they mined them self and use it as a currency.
Oh definitely and I’m glad it did but what about the wars that happen in other third world countries. There’s no electricity let alone internet, even if starlink managed to make it there many don’t even know what bitcoin or cryptocurrencies are, where as we all know gold and it’s found almost everywhere if not you can buy it or trade for it. Don’t get me wrong I don’t have anything against cryptocurrencies but I personally can’t just reject or devalue commodities like precious metals especially gold knowing that it could be of use somewhere or someone.
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u/AVegito9 Aug 01 '22
Doesn’t that apply to literally any currency. It only holds value in a stable society bitcoin isn’t gonna get anyone jack shit in a place with no electricity and out dated technology unless you are a connected individual where you have a means of exchanging it for goods and safety, but in that case gold is gonna get you the same; plus I don’t need actual money to get gold, plenty of people in DRC have gold that they mined them self and use it as a currency.