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Hi Ignatius, thanks for the post. I like Bitcoin over gold because it (1) doesn't have the verification problems that gold has (how do you know the gold is real?), (2) the storage problems that gold has (where do you keep the gold? There's always a danger of having it stolen), and (3) the transportability problems that gold has (if you have a lot of it, how do you transport it safely?).
That being said, all cryptocurrency including bitcoin is *hopelessly corrupted* due to the tether scam. I hope you have looked into it, but basically tether is a criminal enterprise serving as the central bank of crypto: they have printed roughly $60 billion dollars out of thin air in order to inflate the crypto market. They have never had an audit and many of their affiliates have been taken down and criminally charged (including SBF). The daily trading volume of tether is greater than the other *top 10 coins combined*.
The tether scam has been known for years. Please see kalzumeus.com/2022/11/1… and kalzumeus.com/2019/10/2… for a detailed analysis of it.
The only reason tether has not been taken down, despite being such an obvious, in-your-face scam is because it has deep state protection, either by the CIA, NSA or FBI, imo, who use it for money laundering and personal profit.
What this means practically is that globohomo is fully in control of cryptocurrency (even excluding their control of fiat on/offramps such as on Coinbase) and they could inflate it 100x from these levels or crash it to $0 -- entirely at their discretion. And unless you have the inside track to their deliberations, you'll never know ahead of time.
Globohomo doesn't have the ability to do this with gold and silver, even though those prices have been deliberately suppressed for decades. And if you follow Ditch the Deep State on Reddit, you'll see that the Comex vaults have been massively drained in the past couple of years -- approaching critical levels:
Between gold/silver vs. crypto, the former is far, far safer.