@nbs use silver to buy bitcoin.
C H E C K M A T E
Just gonna hold my physical silver. Still has its “oh shit” end of the world uses, but I also don’t like getting raped on the spread to get out.
In the 0.01% "Lights the fuck out" scenario, handguns, ammo, food, fuel, whisky, cigarettes, etc are all usable and so they have built-in demand, so they can probably be traded.
Silver and gold don't really make sense in either case. They only make sense in the case that we literally rewind the world back 200 years and go back to a middle-advanced economy which needs a standardized store of value and settled on precious metal.
@cjd @nbs @Richard
You need quite a lot of abstract thought to trade an algorythmic solutions to an encryption problem that doesn't lead to directly unlocking a material good. Therefore, Bitcoin can drop to 0 any day of the week. It doesn't, in the same way, as stock market doesn't as long as the old guard lives and bets their retirement on it.
On the other hand, gold is shiny. And it will be that shiny thing edged into our DNA as valuable since before we knew how to wheel. The gold will always be valuable. Bitcoin on the other hand can have a stock market crash.
