/biz/ - Business & Finance

>>18284143
Threadly reminder:
Bitcoin's value was entirely based on their derivative marketing strategy of comparing themselves to gold. "It's like gold but digital! it's digital gold bro!" Meanwhile, now we know the facts:
1. Most btc miners are in China
2. All btc mining equipment is made in china
3. It's extremely manipulated and centralized
4. It's been infiltrated by jews and women (blockstream, lightning network)
5. It is 100% traceable

Gold, on the other hand:
1. decentralized, any fuckwit can buy it or go panning for it if he has the equipment and land access/rights
2. No dependence on CHINKNA
3. paper price is manipulated by doesn't matter because if you just keep buying physical you DCA down and can easily accumulate 1 oz gold within a period of time depending on your income level. even a total poorfag can buy a 1/10 oz. piece right now for $200.
4. thanks to points above, it is becoming harder for jews/women to infiltrate gold, but yes gold price is manipulated and there are lots of rules and laws that try to prevent you from owning it
5. not very traceable. if you were a criminal you could easily do all your payments in gold within your trusted network of associates

govs around the world hate paper fiat and hate gold/silver even more for the "money laundering" accusation, even though these same govs are internally corrupt themselves and run all sorts of evil operations.

the biggest weakness i can see about gold/silver vs. btc is that gold/silver can be faked. but btc can also be faked if you buy from a fucked up exchange and never transfer it out or get blocked from transferring it out.

btc is very toothless. it even depends on the word "coin" to make sense. in reality it truly is just bits.