941
@level941
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low iq pigeon. know nothing. Psalms 94:1 — trusted accounts @level942 @level943
$144,000.00
Joined March 2022
You can’t have a gold back digital token. This person doesn’t understand that bitcoin only works because there’s nothing physical that you have to trust in the real world. This thing of a “a gold-backed digital token” isn’t new or revolutionary. It’s just paper gold with a QR
@Butterflye3Lori @level941 I disagree. Gold is a hedge to fiat hypothecation. But not going to argue that BTC is not an alternative to Fiat, it clearly is. At some point, a gold backed digital token will become commonplace. I'm not sure how BTC fits in that, as an alterative digital currency?
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What made gold seem sound was scarcity and durability. Those traits kept it superior to paper promises and perishable goods for thousands of years. But they never solved the TRUST problem. Every gold standard eventually devolved into paper certificates because the metal couldn’t
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Gold bugs stop the analysis at “store of value.” They think money = asset that holds purchasing power. But true money must also settle trustlessly. Gold fails there because it reintroduces custodians and paper claims. Bitcoin fulfills it because the ledger itself is the vault.
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Most people use the word money but actually mean currency. They’ve never separated the two. They’re debating me with complete misconceptions on the correct definitions. when someone says “Bitcoin is an alternative to fiat,” they’re missing it. Bitcoin is not another flavor of
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You can’t have a gold back digital token. This person doesn’t understand that bitcoin only works because there’s nothing physical that you have to trust in the real world. This thing of a “a gold-backed digital token” isn’t new or revolutionary. It’s just paper gold with a QR
@Butterflye3Lori @level941 I disagree. Gold is a hedge to fiat hypothecation. But not going to argue that BTC is not an alternative to Fiat, it clearly is. At some point, a gold backed digital token will become commonplace. I'm not sure how BTC fits in that, as an alterative digital currency?
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The old saying goes: “money is stored energy” And literally. By storing excess American energy as Bitcoin and then monetizing that Bitcoin into dollar-based credit, the U.S. would create a self-reinforcing cycle: cheap energy yields strong hashpower, which secures valuable
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A 500 MW curtailment in seconds is kinetically equivalent to deploying a peaker plant fleet worth billions. The Department of Energy and Department of Defense have already begun classifying flexible industrial loads as Critical Infrastructure Tier II candidates (same tier as
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Bitcoin miners are the digital equivalent of peaker plants. cheaper, faster, and attack-resilient. They don’t stop an EMP, but they mitigate its downstream chaos by instantly cutting load, isolating grid fragments, and enabling black-start recovery. In national-security
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@Cleitusblack the risk isn’t the technology itself. It’s who controls the node at the other end. The same rails that let you self-custody Bitcoin can also let a government issue a programmable dollar. One rail empowers; the other monitors. The code doesn’t decide the ethics. Code is neutral.
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This entire space has lost the plot. They don’t even realize the superiority of bitcoin because you have a number going up for a rock. NFTs are more valuable than this rock And we all know NFTs are worthless
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Gold failed. That’s why Bitcoin exists. If gold actually worked, Satoshi never would have needed to write the code. Gold couldn’t move fast enough. Couldn’t divide small enough. Couldn’t prove ownership without permission. It was slow, heavy, political. It needed vaults, banks,
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Bitcoin exists because gold failed. If gold had truly fulfilled the role of sound, borderless, incorruptible money, there would have been no incentive for Satoshi to build anything. He explained it all to you. Did you not read. Where are your eyes to see the truth.
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Money = truth Bitcoin is not gold made digital it is money made true Bitcoin is freedom Gold bugs aren’t bitcoiners. They love central banks buying their asset. Bitcoin has full neutrality. Trust on chain. Public for the world Did you not listen to satoshi Gold is bad money.
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Bitcoin is not digital gold. Gold is analog Bitcoin, that is, a slow, insecure prototype from a pre-digital age.
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Words shape perception. “Digital gold” was a useful metaphor in 2013 to explain scarcity. Now it limits understanding by tying Bitcoin to a failed model of state dependent collateral. (ie gold)
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Bitcoin is not a commodity. It is a monetary network secured by energy and math. You will never see a greater invention than this. If you don’t sell all your gold at $4000 for Bitcoin I believe you’re a complete idiot. If you think BTC needs a hedge. You don’t understand
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So when people say “digital gold,” they accidentally smuggle in the trust assumptions of gold The traits Bitcoin destroyed. It’s not digital gold. It’s digital truth. Money = trust.
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Bitcoin is its own unit of account, its own settlement layer, and its own final ledger. Where’s the gold audit of Fort Knox? Who owns what amount of gold Nobody fucking knows. It’s bad money. It’s opaque. Gold cant verify itself. You have to trust people. Gold bugs = hypocrite
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