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RE: Leo Talk 5/7/21 - Come Join Our Chat (Part 1)

The Gold-Bitcoin debate surely is still raging. I wonder how many are starting to see the decline of gold might be at hand? It isnt easy to see disruption until it happens and everybody get the hold crap moment.

However, we are seeing the foundation being laid for Bitcoin to take over gold's arena.

Here is one who actually called PMs "meh".

https://news.bitcoin.com/gold-is-clearly-being-replaced-by-digital-gold-precious-metal-markets-spike-strategist-mike-mcglone-calls-pm-action-meh/

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I think gold will still be good as its still used in plenty of things in real life. But I think silver is probably the better choice in the metals market. The additional use cases in solar, batteries and other industries.

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I think bitcoin has to prove that it's bullet proof in terms of security before we are going to see entities like central banks giving up their gold reserve

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12 years in the open isnt enough?

I am no maximalist but Bitcoin has stood up to everything that was thrown at it and is still going. Never been a hack, never missed a block, never been taken down.

That is an incredible track record. How many backs have not been hacked in the past decade? Most likely very few if any.

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I was thinking about the talks we had about countries or very wealthy bad actors that can do a lot of harm theoretically

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