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Gold and bitcoin are on the same side. Honest money versus counterfeit money. Private money versus government money.

Said another way: I believe bitcoin has already demonstrated it can co-exist with gold as Stores of Value. Neither money will have defeated the other until it manages to also become a ubiquitous payment network.

We can each buy what we wish. I don't expect to go to the store and buy groceries with a gold bar, but I do expect to be able to pay with Bitcoin. So, I know what I'm buying.

True. But the 1 BTC = goldbar, sats are gold coins. However you are right, gold is clunky.

There will always be more gold to find, to dig up, or to gather from asteroids and other worlds. There will only ever be 21 million Bitcoin.

Bro zoom out. Look at the 100 year silver graph. Why would you hold an inferior asset. It's a winner take all game.

Zoom out further. Look at the 1000 year history. The good attributes of bitcoin rest on a foundation of social agreement. The good attributes of gold and silver rest on a foundation of nature.

Time and energy verified is the most natural foundation. Silver vs gold already played out. Gold failed when paper money was created. Bitcoin is now naturally winning. Slowly then suddenly.

Bitcoin is being coopted by the same forces that coopted gold and silver. Custodians, higher layers, ETFs, KYC/AML, treated like a stock for tax purposes, etc. That's essentially "paper bitcoin." All the same stuff that disabled gold and silver as money have happened or are happening. We say "not your keys, not your bitcoin" and that's correct. By the same logic we can say "not cold hard cash in your hand, not your gold or silver." Have you tried using bitcoin as money recently? It works great in a few cases but is far more tedious to use than in its heyday. It has been a while since I used gold and silver as money. It also works great in a few cases but is also far more tedious to use than in its heyday. I don't have to be anti-gold or anti-silver to be pro-bitcoin and neither does anyone else. We are on the same team. The goal is to get governments out of the money business entirely.

Would you revive silver as payment? I wouldn’t want to receive either. Seems kinda hard to get bitcoin out of it. Fiat is great for that. I can self custody bitcoin and verify it easy. Running a node is easy. Bitcoin is much more easy for me.

I happily receive silver, gold, and bitcoin as payment.

I understand your point we are 2 different people in the free market here

Nicotine brother!

Yeah and for me the strategy looks pretty simple. Trump administration waits for full gold remonetization, revalues balance sheet, gets 1T in liquidity, buys 100 billion Bitcoin, further monetizing Bitcoin. Why would the US want to monetize gold again, when BRICS are hoarding gold. It makes zero financial sense. The play would be to monetize Bitcoin and have Saylor go around the world to create the seeds of the new T-bill, Bitbond. Apart from this there will be the AI bubble risk capital moving from AI to the next risk asset. They'll certainly not play gold.

Unfortunately, they don’t have to buy the Bitcoin. They control upstream energy resources and can “acquire/invest” downstream “strategically important” companies like Strategy. In the end, a Treasury Dept eager to acquire Bitcoin will defeat the Fed, I just hope they don’t destroy property rights to do it.

Yeah, I get that. By the way, so you think the Treasury Department will not acquire Bitcoin?

I think they’ll seize it and mine it in secret. Hash rate is no longer sensitive to price and energy costs are going up so they may already be mining it. Bessent slipped when he said they were only going seize Bitcoin not buy it. He walked that back but and went with the “tax-neutral” official talking point. I think they’ll seize sovereign wealth fund may acquire more than the treasury.

Ah, good point. Mining would perfectly fit the situation, with the whole "drill baby drill" energy thing.

how much gold is there? You'd need that number to calculate the market cap, wouldn't you?

This year yes

My gold node cant verify sorry!! You will need to trust them!!

This ^^^^

Problem with gold is that it's not exactly easy to trust its form... either digitally or physically.

Best takes all. That how it works.

Why would you diverse in to something that isn't the best?

Also remember 10T is paper gold... Which is almost half of all gold. It's not trivial.

Energy is literally life bro lol

Catch phrases? Really...

Time + energy

So I'm actually better off walking outside, bumping off that animal, cooking it & eating it & saving myself the time with an intermediary, got it. 😂

Proof of work!

many already are

True I guess I miss a lot because I’m only on here so I don’t know what ppl are saying on X.