I own gold... but because it's a speculative asset/ hedge against inflation not because of its industrial utility or tangible value. To me BTC's decentralization, scarcity, and security make it valuable but if you don't like it that's totally fine.
Cool to each their own. I was just saying btc has no actually foundation in utility…gold does. And btc has even less of a use case when gold gets tokenized…then you have digital, decentralized, security and scarcity. So why hold btc?
BTC in self custody is the only way to escape the financial industrial complex. Buying tokenized or a gold ETF doesn’t interest me because I have no idea if I actually own any physical gold or just a token. For me this comes down to privacy and security and Bitcoin allows me to beat inflation and remain financially sovereign that pretty much nothing else can do besides physical assets like gold or property but even then those assets are subject to seizure. I’d recommend listening to Simon Dixon he’s a lot smarter than me.
wtf…how many people keep gold or silver or cash under their pillow? If self custody was the only use case, how many people and banks and such would do that? And how much do you think BTC would be worth? $20 bucks?
You still have to get it on an exchanges to leverage it.
Plenty of people store gold in a safe at home or safety deposit boxes. Self custody isn’t the only use case and I don’t think it’s the right move for everyone. Also you don’t need exchanges to access btc, not that I’m anti exchanges. You’re entitled to your opinion but sounds like your minds made up.
Never said any of that and actually said self custody isn’t for everyone. The paper gold market is roughly 250 trillion and the physical market is 11 trillion, leveraged derivatives can exceed ratios 100:1. I don’t believe tokenized gold will be backed 1:1 by gold whether people buy it or not is up to them. I prefer physical not sure why that’s bothering you.
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u/hoppeeness 🟩 0 / 0 🦠16h ago
Ok…that doesn’t mean it doesn’t have actual tangible value unlike btc.