Innovation regularly births new ways of sending & receiving information.
Networks get built-out around the methods that are faster, cheaper, more accessible, more reliable or more precise.
These become additional layers for humans to coordinate, communicate and cooperate.
@anilsaidso
When your lightbulb goes out, I bet you are glad to have a backup lantern. And I would venture a guess, when your internet goes down you'll be glad to have some gold. Preparation includes both!
#Fiatisfake
Bitcoin has made money indistinguishable from any other string of text.
This means that transacting is not solely dependent on internet access, but can utilize a range of networks and technologies to suit specific needs.
Optionality will only continue to grow with adoption.
@ollyrobot
point was that the process of metallurgy enabled us to do more with less. it doesn't entirely eliminate the need for wood.
if you disregarded steel as a building material you would be out-competed by those who adopted it- aviation, railways, cargo ships, bridges, etc.
@CryptosSama
No, but it will drain gold's monetary premium the same way the combustion engine reduced the demand for horses for the purpose of transportation.
@anilsaidso
transportation: horse to engine
night light: candle to lightbulb
building materials: wood to cinderblocks
jewlery: gold to bitcoin
yup. makes sense. as a "which one does not belong" question.