Waiting for your answer to my post.
The answer to your post is, there's lots of people who make believe they're rich when they really aren't because they have no way to control or defend their assets against the other 99.9%. Hell, much of their assets rely on the 99.9% being able to purchase their goods but they can't. It's just a system of phantom wealth everywhere.
In the end, the only wealth you have will be what you can hold in your hand and defend with a Natzee Luger, or what the consensus of your neighbors agree is yours. There will obviously be massive redistribution and pillaging whether people want to believe so or not, or pretend they can avoid it. No, non-fungible shitcoins are not in any way a benefit over metals in this, especially when your balance and account history is sitting right out in the open for the entire world to view it.
The so called "elite" put their money in private trusts to try and avoid things like this, confiscations, and turn their account balance and transactions opaque. A non-fungible shitcoin is a step downwards in that regard. If the world went Venezuela or simply Joseph Tantor style reduction in complexity and is mostly based around barter or whatever, digital shitcoins are not going to be of any value. It will be physical metals ruling with an iron fist, so there is no lame shitcoin pumper talking points like "but muh shitcoins are easier to hide!".
You continue talking about gold vs. shitcoins when we're already past this topic.
I agree that in the end, your wealth is what you can hold and own physically. I doubt that in the world where this fact is true gold will be the king.
I'd rather own all the food that people need to exist and distribute it the way I want over owning a shiny piece of metal which is used 50% of the time for shiny pieces of shit that the brainless (in your opinion) women wear (
https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/)
You kinda miss the point that the odds of retaining your wealth while it's stored in metals is higher than that of owning a chain of grocery stores or food supply chain. Without highly effective martial law on every street corner, your grocery store and everything else will probably just be an empty building, so how is that a great investment? You might even lose possession of the empty building too. Your entire train of thought requires faith in and effectiveness of martial law.
The idea is not owning a grocery store but owning the land and the means needed to grow something on this land. Own the whole production cycle.
What wealth do you have in a metal that is used for shiny pieces that brainless (in your opinion) women wear?
Gold is probably the biggest scam in the World so far. I wonder when it will also burst?
Heck, it was not even used for almost anything else than jewelry until 100 max 150 years ago.
Ancient Egyptians loved gold but in fact, they never traded it. Most Egyptians used agricultural products like barley as a de-facto form of money.
Gold was a form to say "Hey, I'm imaginary rich cause I have a shiny metal on my neck/finger/dick. I traded it for 100 cows."
Church/Bible (another big scam) played also a
VERY important role in creating the Gold cult.
And as we know religion scam is still trending as well as gold scam if I might call it that way.
