problem is they got the gold and silver market by the balls decades ago with etfs. this is how they suppress the price by issuing more paper gold and silver than physical supply. i used to be a gold and silver bullion bug.
but then it became apparent that because it’s impractical for every individual to self custody and safely store hundreds of ounces of bullion that custodial services lend out more paper gold and silver than they have in physical reserve. so gold and silver bugs are fucked too.
plus it’s way easier to store and transport bitcoin than bullion. so wallstreetsilver understand monetary theory but are very naive about how to physically store and secure bullion as well as transact: how do you assay bullion (verify the content) with confidence in a peer to peer transaction?
you would have to have the specialized equipment to weigh and analyze the chemical compound of the bullion otherwise you have no idea if it’s filled with tungsten. with bitcoin when nodes verify the block it’s like it also “assays the bitcoin” - it’s like melting the gold and verifying it’s contents and turning it into a bar again but digitally.
i agree shitcoins and nfts are a dead end - but they are wrong about bitcoin.
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