This issue will likely be solved. This isn’t an economic / monetary argument at all... Cryptoassets have all the properties requires of a potential SoV /// Money
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b/c you never own
$ZEC, you only control the private key with which gives you a permission to write into Zcash database. Once Zcash database is destroyed - you own nothing. Gold and even Eurobonds are bearer assets, most cryptos today are not.pic.twitter.com/aQ4g7sWvwl -
if “nuclear winter” happens or even ECB collapses Eurobonds would be worthless too
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Yeah, but gold and can openers would still have value.
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Would gold have value in that world though? I’d say only things like food, oil, weapons, and legit industrial weapons would have value then... Gold’s industrial use-value isn’t even as extensive as silver or platinum
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Separate value from ownership. You would still own Eurobonds, it just their value will be close to 0 (a call option that EU will be revived in the future). Same applies to gold. But gold is a natural scarcity, while Eurobonds is an artificial scarcity just like Bitcoin.
End of conversation
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