Post
Topic
Board Speculation
Re: When do goldbugs give up?
by
realr0ach
on 28/08/2018, 02:27:47 UTC
It's mostly all speculative hype that we have to dig through and as long as we haven't done that to reach the utility phase, people will not give Bitcoin a fair chance.

What utility?  If you hoard all the bitcoins in the entire world, there's no way possible for you to extort me by forcing me to buy into your artificial scarcity scam.  I can just ignore you like you don't even exist, or create a new random shitcoin with a distribution that favors me instead of you.  This is called no valid Schelling point.  

However, if I hoard all above ground silver in the world, people actually need it, and I can just set my own price and demand it from you and force you to pay me.  Any type of economic activity you're doing can be completely ignored by everyone else on the planet, so you're like the pig that built his house out of straw by pretending an artificial scarcity scam with no real world use is a store of value.