Fizzyl

Not dumb, they have ulterior motives.

What can we do to fight it?

It’s so full of equivocation and cherry picked facts and sound bites. I feel bad for the NPCs that will believe this.

He’s talking a lot without saying anything.

Let’s say 90% of gold’s value stems from its monetary premium, not its utility (for jewelry, electronics, etc). As such, it is primarily the properties of gold as money that dictate this value. Gold is durable and scarce. It is not salable (where can you buy things with it?), it is not divisible (in practical terms for users), it is not portable (who wants to carry around their gold that they can’t even spend?), it is not uniform in a practical sense (we don’t all use gold coins or certificates that are the same), it is not verifiable (for obvious reasons), it is not accessible (how many people around the world can reasonably use gold day to day?). So if durability and scarcity alone drive 90% of gold’s value, then those same properties, plus all of the others that Bitcoin truly has, implies the inherent value of Bitcoin is significantly higher than that of gold. @Saifedean Ammous @HODL @jack mallers