Well, the owner of 51% of processing decides. It also has no use if both parties aren't connected to the internet. Also, you are in the truest sense not the own

Well, the owner of 51% of processing decides. It also has no use if both parties aren't connected to the internet. Also, you are in the truest sense not the owner of the bitcoins. You are using the "ownership service" of the network. If the network goes down, you lose access to the network (goverment internet filtering) or the network gets taken over, you lose everything. It's strictly worse than gold. The only downside of gold compared to this is that gold has to be physically stored somewhere