JS Kim: In part 2 of my Bitcoins v. Gold thesis, I am going to address the
curious need of bitcoin fanatics to state that bitcoins are the best
currency in the world and their attempts to point out “supposed flaws”
of the only true sound money in the world, gold and silver. I wouldn’t
have embarked on this exercise were it not for the fact that BTC
fanatics shockingly embrace a lot of Central Banking anti-gold
propaganda in their defense of BTCs. Again, I’m distinguishing between
BTC fanatics and advocates as I label as fanatics those that believe
BTCs are the alpha and omega when it comes to real money. Consequently, I
want to ensure that the majority of the rational BTC community does not
let the propaganda of a few bitcoin fanatics pollute their minds about
the true value of a BTC.
I still include myself among those that believe that BTCs should be allowed to persist as an alternative currency as long as the people are allowed to bring back gold and silver as competing currencies, so the people can choose which currency they believe to be best, as should be the case in a free society. If the global banking cartel allows BTCs to persist while at the same time shutting out a return to gold and silver money, this would be a development that would be very worrisome to me if I were a BTC owner. Again, I actually like BTCs because they are a means to fight against bankster corruption. I also consider myself a physical gold and silver advocate (not a fanatic), and one that can also see flaws in gold/silver as money as well. I don’t believe that there is any “perfect” form of money. However, gold and silver fit the bill of having the most desirable qualities of sound money, and yes, even more so than BTCs.
I still include myself among those that believe that BTCs should be allowed to persist as an alternative currency as long as the people are allowed to bring back gold and silver as competing currencies, so the people can choose which currency they believe to be best, as should be the case in a free society. If the global banking cartel allows BTCs to persist while at the same time shutting out a return to gold and silver money, this would be a development that would be very worrisome to me if I were a BTC owner. Again, I actually like BTCs because they are a means to fight against bankster corruption. I also consider myself a physical gold and silver advocate (not a fanatic), and one that can also see flaws in gold/silver as money as well. I don’t believe that there is any “perfect” form of money. However, gold and silver fit the bill of having the most desirable qualities of sound money, and yes, even more so than BTCs.