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To: Robert DeLong

Precious metals have a significant number of industrial uses, have 10k+ years of history as a store of value, are pretty in jewelry, and can physical be held and thus subject to less risk of being effectively destroyed by the government in one fell swoop. You can argue exactly where they should put precious metals value but saying there is no real value simply isn’t true. Palladium’s price is nearly entirely from its industrial usage for example.


27 posted on 02/19/2021 12:06:17 PM PST by rb22982 ( )
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To: rb22982

government can’t destroy bitcoin....it’s a computer program “stored” on computers around the world

so long as one full copy of the blockchain exists anywhere....bitcoin can’t be destroyed

now...what government CAN do is harm its citizens who try to access their bitcoin. it can cut off electric power (like in Venezueala), it can resort to internet censorship (like in China...but there are ways around that), and it can get very clunky and “outlaw all cryptocurrency” like India did. But all India is doing is attempting to cut off its citizens access to something that is, well, indestructable.

And, the more built out the ethereum applications get....the less ability governments will have to even do that, thankfully. you can now text people money using crypto. it’s not easy to get set up, but once you are set up, it’s pretty easy.

eventually government is going to have to resort of shutting down the internet....but I suspect the days are coming soon enough when government won’t be able to do that, either.

hopefully anyways.

but other than that, no one can stop bitcoin. it’s physically impossible.


36 posted on 02/19/2021 12:33:15 PM PST by ConservativeDude
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