Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
Senor.Bla
on 12/10/2016, 07:08:44 UTC
if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.
i wonder if gold/silver is used if a natural disaster occurs. do people in syria now or people in christchurch (after the earthquake) use gold/silver or still use fiat? how about greece during the financial crisis? there was a shortage of fiat. you never hear about those things.