- Logseq (Wasn't able to use Obsidian due to licensing issue, accidentally found this amazing alternative with a supportive FOSS ecosystem)
- vscode (with Github Copilot, Better Comments, Error Lens, GitLens)
- iterm2 + zsh + fzf
3 karma · joined January 29, 2023
- Logseq (Wasn't able to use Obsidian due to licensing issue, accidentally found this amazing alternative with a supportive FOSS ecosystem)
- vscode (with Github Copilot, Better Comments, Error Lens, GitLens)
- iterm2 + zsh + fzf
But gold or any other precious metals for that matter still has a flaw of having unlimited supply. Yes the supply is limited on earth but we are only couple of decades far from mining asteroids like 16 Psyche.
Flood the market with gold, it will drastically lose its value and this will indeed help its consumption like manufacturing of electronics etc but gold as an asset would be pointless.
This cannot happen in BTC, which is programmed to have finite supply.
Late adopting rich people might still get into BTC ETF for its ability to maintain its value in the long term, as simple as that and doesn’t matter at what price they buy.
Coming to the security and safety part. In theory, BTC was made with a intension to be easily usable and accessible. Once you understand it, its pretty simple and straightforward (even easier than using a bank's service). No level of hardware wallet failure will compromise the funds because the funds are not in the wallet rather the record of the funds are in 100s of thousands of BTC nodes that is being run by miners and other enthusiasts. The real threat may be letting people that share OTPs to scammer handle their private key and seed phrase. Thats where custodians like coinbase comes in.
And to the point of how to make sure the fund held by ETF/Custodian is actually there or not, This can be easily verified. Tt is a public ledger and anyone with the public key can see how much funds are held in the wallet. This aspect of transparency is one of the key selling point of BTC.
I would recommend a short and interesting read - "Inventing Bitcoin".