You're not thinking long term

What's the long term issue?

billions of people using a coin compounds an issue exponentially

There's lightning network. Coins can be divided as much as would be needed

another problem is it doesn't really have backing

although that can be looked at as a positive as well

depending who you ask

Backing?

The US dollar is backed by the US government and military

Ahh

Well, money is worth what people think it is

Again good or bad depending on your perspective

I know

it's all fiat

It wasn't always

Gold for example

It is now

Lol I was in finance for a while

Yeah I'm not high level on these discussions. I just know a lot of people who think it will work. You ever read any taleb to take a tangent?

if the gov collapsed would gold actually maintain value

Not short term

Nah I don't have a lot of reading time outside of my coursework unfortunately

Gotcha

Gold will always hold value

He made a lot of money off of the markets and is pretty critical of finance

ive heard that axiom but what is it based on

It's rare and people want it

bullets, medicine, and cigarettes/alcohol will be the new diamonds though

Short term yes

the nature of gold as an element then?

Gold has been valueable for as long as people have lived

In some sense

its visibly rare

If you're worried about a collapse, buy ammo

and medicine

and training

and seeds

and learn how to can food

and grow food

and clean water

yeah once im out of college