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RE: Silver Gold - WHY?
Correct, paper and electronics could fail, but the question is "will it fail?". I think it will not, and when it does, we have others issues to deal with.
Correct, paper and electronics could fail, but the question is "will it fail?". I think it will not, and when it does, we have others issues to deal with.
My friend it's not necessary for it to fail due to wars, it can fail due to politics solar explosions etc. It's a tool, tools get broken from time to time. Do you think bitcoin as it currently is in it's current form will be there forever? No, certainly not.
Other issues to deal with? Yeah, but why do we need it? Easy, everybody wants a fallback system.
Just like you have fallback generators when electricity fails.
Fair point!
If Bitcoin will be there forever is a good question; Probably not. However, I think crypto currencies and the future of those will be there forever, or at least as long as human kind will exist. Same for Internet, with whatever backup system required to be protected from eg the earlier mentioned solar flares. Therefore Gold and Silver become less relevant as backup system IMHO.