Quote from: zenthereum on Today at 02:05:40 PM

Trust? I thought the system was trustless.

The system is. But it's trustless as in you don't need a third party to prove that the money I gave you came from my wallet, has not been double spent so the coins exist and are legit and is valid.

That is completely different from the trust some people put in BTC. You need to trust Bitcoin as in you need to believe it'd be a good choice during a recession for it to survive.

If enough people do not believe it's a good safe haven asset, it won't be. Price is decided by us. If you don't believe BTC would be a good choice during a crisis, you'd sell. Same goes for other people. Well, if the number of coins sold exceeds the number of coins bought during a recession, price would obviously fail. You can't have 80% of the Apple fans never buying their products again without a big downfall and potential even collapse of it. We decide how some things go.

Quote from: zenthereum on Today at 02:05:40 PM

The history of gold ended with the advance of technology. Gold is nothing now, and in the next one hundred years it will keep losing value. It is overpriced manipulated and useless asset.

A large part of the electronics even you use have small quantities of gold or silver in them. Ever heard of "gold-coated adaptors"? To me it still looks like gold is something. We may not be creating and using golden tools anymore, but it's still used a lot in many industries. In fact, your "overpriced, manipulated and useless" part doesn't even make sense if you take a 5 second look at the gold price chart over the last 10 years.