A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC). What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, ...
If all society broke down and all currencies became worthless gold would still have value as it has intrinsic value due to its chemical properties. Bitcoin would be worth nothing
If I was starving gold would still be worthless to me, regardless of how it oxidizes.
With a bar of gold you can crush someone’s skull in and steal their food. Try do that with Bitcoin.
You can use Bitcoin miners for that
Or feast on the delicious goo that comes out
horrific Viserys noises
If all society broke down and all currencies became worthless gold would still have value as it has intrinsic value due to its chemical properties. Bitcoin would be worth nothing
There are easier and cheaper means of exchange. Indigenous people all over the world had access to gold but used it for decoration and not trade.
Relevant Homer Simpson:
https://youtu.be/dgct3Jn8pFA
Which is why they airlift bundles of cash when there’s a famine and not, you know, food.
Gold coins are very filling
If you had gold and you are starving, then you deserve to die.