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wow! that will have big implications.. but i wonder what would do vey rich people invest in bitcoins instead of gold wich is probably safer right now? Thats no
by oscargrouch 13y ago
wow! that will have big implications.. but i wonder what would do vey rich people invest in bitcoins instead of gold wich is probably safer right now?
Thats not my area, but i would like to know if BC could get more attractive than gold in a fallout economy scenario?
- jaekwon 13y agoBitcoin is more useful than gold in a society that has the internet. If you want to prepare for a situation where we no longer have the internet, then gold might be a viable option. But I don't care to consider that possibility, for the same reason I don't care to prepare for a nuclear holocaust. I believe my expected utility/happiness is greater this way.
- gweinberg 13y agoIt's not a question of one or the other. If you're a billionaire, it might make lots of sense to have a whole bunch of accounts in different countries with "just" a couple million, since that will still allow you to live reasonably comfortably for the rest of your life and yet is an insignificant fraction of your total wealth.