edouard on Nostr: I use “bullionvault” so it is basically a custodian and i have to trust them. I ...
I use “bullionvault” so it is basically a custodian and i have to trust them. I could withdraw into fiat easily, it allows to withdraw in gold too but never did it. It shows how gold is inferior in terms of self-custody, verifiability, etc etc to bitcoin. I am just afraid that the monetary crisis we are going to go through will not end up with bitcoin as people are stupid but with gold as states will choose it as they control it more. For them fiat > gold > bitcoin, but fiat might soon lose the confidence of the people and then they have to propose something
Obv own much more bitcoin than gold
Published at
2023-05-07 14:58:41Event JSON
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"content": "I use “bullionvault” so it is basically a custodian and i have to trust them. I could withdraw into fiat easily, it allows to withdraw in gold too but never did it. It shows how gold is inferior in terms of self-custody, verifiability, etc etc to bitcoin. I am just afraid that the monetary crisis we are going to go through will not end up with bitcoin as people are stupid but with gold as states will choose it as they control it more. For them fiat \u003e gold \u003e bitcoin, but fiat might soon lose the confidence of the people and then they have to propose something\n\nObv own much more bitcoin than gold",
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