I re-wrote the second part of my reply. I do not believe there will ever be a case of imaginary digital numbers having more value than something that actually exists. It will always just be a deception involving asymmetric deployment of information:
I guess you could claim the bankers might try to hoist a digital currency scam system upon the serfs, then they would artificially inflate the market cap of the digital numbers that don't exist as more than imagination, and that will somehow surpass the market cap of gold; but at the same time, the central bankers would just buy up and hoard all the gold for themselves. So the gold in reality is more valuable since they value it more than non-existent digital numbers. The whole thing in that case would just be a trick and the gold really would still be more valuable...
r0ach your myopia is that you don't understand the scientific fact that the entropic force (The Second Law of Thermodynamics) is cardinal to everything else.
We've even now seen that gravity is an emergent phenomenon of the entropic force (the trend towards ever increasing entropy and the irreversibility of thermodynamic processes).
What this means is that it is irrelevant what the banksters value most, if they are not in alignment with the entropic trend. What nature values is increasing entropy and thus increasing decentralization is more valuable
if the Coasian barriers are congruent.
You will learn this lesson the hard way.
Gravity is tangible but it emerges purely from an intangible force of the trend towards increasing (Shannon) information.
https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-risinghttps://bitcointalk.org/index.php?topic=355212.msg17408195#msg17408195https://bitcointalk.org/index.php?topic=355212.msg17395839#msg17395839https://bitcointalk.org/index.php?topic=1624708.msg16396856#msg16396856https://bitcointalk.org/index.php?topic=495527.msg16593330#msg16593330Your conceptualization of reality needs to be updated.
He is not buying for a rational reason of buying low and selling high. For him, it is a religion against paper gold.
You are asking him to admit his entire thesis for his life is an error.
No offense, but your thesis on a so called knowledge age is completely irrational. When complex systems collapse, they devolve into simpler ones. They never jump into a higher tier of complexity. Complex systems also tend to require exponential resource (energy) curves. Peak
conventional crude oil already happened in 2004. Peak
working age demographic already occurred in every nation that matters.
Wealth comes from people doing work in the real world, not shuffling around papers. That work is either done from things like burning fuel to do the work for you, or humans physically doing it themselves.
Your thesis is entirely incorrect.
You had better wake up else you will entirely miss the boat.
Profit margins from mass production are dying. The future profit will increasingly come from creativity.
...8<... [content elided]
The only constant is the Second Law of Thermodynamics which informs us that entropy is trending to maximum. The Knowledge Age is all about increasing entropy. You had better make sure you understand this and stop clinging to incorrect bullshit.