Post
Topic
Board Bitcoin Discussion
Re: Doug Casey on Bitcoin
by
Timo Y
on 23/06/2011, 13:05:31 UTC
bitcoin needs infrastructure. in fact, very complex and vulnerable infrastructure.

Complex, yes. Vulnerable no.  Localized internet outages do not threaten bitcoin's long term value.  It would require a massively catastrophic event to destroy the entire internet, worldwide, permanently. An event that would almost certainly also destroy the infrastructure protecting your gold: bank vaults, police forces, transport systems, electricity grids, etc.

...unless you are the survivalist type who lives in the woods and buries his gold in the ground.