If you own bitcoin you don't even own a line of code. You own a number, that's it.
Good point I missed! And loved your point about ETFs and BTC-backed stocks of some companies
The Internet and mining won't go down across the world either. There are renewable solutions in Asia and Europe that'd probably be capable of taking over. 50% of power in Europe has to come from renewables, its not as far to get it up to 100% as you might think especially if technology and efficiency improves. And if the Internet goes down for good, we'll probably end up with communism while we work out what to do about it.
To own bitcoin requires some sort of intelligence too (unless you own a crapoy etf or a stock) which I think is being missed here. Intelligent people can own bitcoin, uouwwon't see an intelligent person who likes Elon musk or apple.
To own bitcoin requires some sort of intelligence too (unless you own a crapoy etf or a stock) which I think is being missed here. Intelligent people can own bitcoin, uouwwon't see an intelligent person who likes Elon musk or apple.
In the post-apocalyptic scenario even renewables are unlikely to save you. The only "widely-accepted and agreed on assets / forms of payment" will be left only real assets eventually, like gold, silver, etc. - something what is in possession by the "old elites" and the "truly rich", while the rest are left to play around with iPhones, Teslas and Bitcoins?..
Then not only Bitcoin, but all will be gone. All fiat money are fictional too, like the Bitcoin private keys without electricity.
Start collecting tangible goods - gold, silver, etc.
Learn surviving skills - archery, etc.
Start collecting tangible goods - gold, silver, etc.
Learn surviving skills - archery, etc.
Yes, totally agree. And who controls / owns those now? - I think the answer can be as I mentioned about "the truly rich - old elites"?
Ironic, the fake rich, looking at the number, the number won’t lie, people can write a wall of text of lies, yet they don’t want to trust the number won’t lie, because they’re so biased, they rather believe in story than a globally recognised parameter of rich: the number won’t lies, the current number of bitcoin is standing at 19k it’s not gonna lie the current gold value is standing at 1930, it’s not gonna lie, the current blue chip value is standing at 30,000 it’s not gonna lie, yup be mature and accept the numbers.
Well here we talk about globally accepted and consensus-based reference for intrinsic value of asset - market price. While it surely gives indication of your current net worth, it doesn't mean you are rich though. If today you hold 1,000 of Bitcoin and tomorrow every single country bans it and makes it illegal to hold Bitcoin, then you cannot even use it as collateral for getting loans. With gold (for example) such scenario is unlikely as making it illegal would mean collapse of all central banks (not the case with BTC), would mean end of production of important electronic components (not the case with BTC), collapse of supply chains and monetary systems (if Bitcoin dissapears tomorrow only small % of people will actually care, as most of the population still doesn't even know what that is). That's why doesn't that show you the similarity with Tesla / iPhone - small group of people worked together to hype it to make it as indication of own status and wealth, while in reality the truly wealthy ones stay with traditional side.