I was reading the following article this morning: Is Bitcoin Displacing Gold As An Inflation Hedge?
Here is a simple question: if I have one Bitcoin and the Internet is not available, what do I have?
The Internet is very easy to control as many governments have proven. Another article this morning explains the shortage of router chips:
Initially centered in the auto industry, the semiconductor shortage has now spread to a range of other consumer electronics, including computers, smartphones, tablets, headphones, and appliances. The latest news is that internet routers could become the next victim of chip shortages disrupting global supply chains and may pose a problem for households and businesses who need an internet connection to survive in today’s digital economy.
Sources told Bloomberg that internet service providers report delays of up to one year for network routers due to chip shortages. This is doubled previous wait times, the source added.
What would happen if the US dollar is digitized and Bitcoin is declared to be non-fungible? People want to believe that their future is secure. Even to the point of placing their faith in an ether based “currency”. Then there is the question of how to barter any cryptocurrency if it is non-fungible. Gold has some of these same considerations but in the final analysis, history always shows the value of gold. Which is why the new world order manipulates the price of gold at the same time central banks are hoarding it.
Here is a riddle: what cannot be seen, held or traded but is worth more than anything else?