Community Trust ScoreVerified
Michael Saylor expressed: Inflation is making everything more expensive except Gold.
There will never be more than 21 million Bitcoin.
Community response: Bitcoin frees gold to focus on the industrial use cases that it is best suited for. We no longer need gold sitting idle in vaults all around the world representing value. We no longer need to artificially inflate the price of gold.
But I do still hold my gold but it is now my BTC insurance just if an unknown/unknown or known/unknown happens with BTC. BTC is a one-time shot. If it fails, there will never be another clean (non-premined, non-self-interest) fix. Satoshi seems to be a one-off and thus BTC too.
I’m slowly approaching the same conclusion. They lost a ton space for gold.
Oh looks like a potential huge supply glut for Gold. I don’t make the rules. Just seeing something that is theoretically possible. What will happen to all those Central Bank balance sheets if that happens?
Digital disruption is 100% undefeated. Central Banks are moving to Central Bank Digital Currencies (CBDCs). Legacy paper currencies will likely map to and be paired with physical gold. Emerging CBDCs will likely map to and be paired with Bitcoin.
Yeah, man. We need to hoard as many as we can. I was able to get loads from here.
I still find use for the last of my Gold holdings its better than stainless.
Gold price is stable here on a high level (Thailand). But is in fact money here you can trade everywhere.
In the debate, Frank says that in a time of war, he would rather hold gold. Does he realize the wealth that was stolen by the Nazis during WW2?
Michael that was an amazing and strong opening statement, sir, very professional and not attacking.
Bitcoin and gold going to trend together because they are two parts of an antiquated value system?
Always Bitcoin. Better direction for your finances. Frank admitted he may buy BTC if price correction occurs. Saylor never says he may be buying Gold, if it corrects to any amt. Do families have ~10 children to hedge against 1 or 2 of them dying, before a full life? That’s “Hedge” idea at its core. Everyone gets a trophy, mentality.
If developers and miners would mutually agree to fork Bitcoin and run the new code and accept the new fork as Bitcoin, then one might consider this a way to increase supply. It’s not in the economic interest of participants to change the Bitcoin network, hence it’s unlikely.
