Comment by chowells
3 days ago
If the Internet goes away, Bitcoin goes away. That's a real threat in a bunch of conceivable societal failure scenarios. If you want something real, you want something that will survive the loss of the internet. Admittedly, what you probably want most in those scenarios is diesel, vehicles that run on diesel, and salt. But a pile of gold still could be traded for some of those.
Everyone always talk like societal collapse is global. Take a small pile of gold and use it to buy a plane ticket somewhere stable with internet and your bitcoin will be there waiting for you.
But worth less, because the demand from Internet starved countries went to zero.