Sure, you can find many deluded people in any age group.
About that, I fully agree! Please don’t take this the wrong way:
All illusions to the contrary notwithstanding, and with some noteworthy historical exceptions, the world is always
primarily run by people in the age range of about 45–60. Those younger are still building themselves up; those older are too tired, spent, and sometimes senile.
The best individuals from the under-45 bracket are now learning and gaining experience. Soon, they will be the ones running the world for awhile.
I see many idealists in the younger generation. Much potential. I hope they will do a good job. The world that they inherit is clearly
going to hell. Will they leave to those after them something better? Or will they mess it up even worse, just as those who came before them?
The point is the zoomed out trend, not several people falling for some screaming Youtuber and his scam.
The future is mobile and many forces have continued to make it that way, even the ones who want you to use fiat.
Soon your bank will not have a single physical walk in branch left, so your assets are all virtual. There are no safety deposit boxes you can visit and no bank safes.
That sounds to me frighteningly close to
“you will own nothing and be happy”.
Zoom out: The wholly virtualized world is itself a dystopia. Enforced mass-schizophrenia, for the benefit of those who live in reality and have assets in reality. Bitcoin can’t fix that; nothing can fix it.
But I think that the notion of a wholly virtualized world is overly hyped. Covid and the “New Normal” pushed things in the wrong direction; but the only way for the world to become fully virtualized is for humans fully to stop being human. Admittedly, they are far along that path already; it is a path they have been walking for the past two centuries.
(A few weeks ago, Jay wondered why I seem pessimistic.)
What then is the point of gold and fiat itself? You cannot see it, you cannot smell, the storage is "supposed to be" somewhere off limits.
Although there is
some usefulness for paper gold (even Tether Gold), my principal focus here is on physical gold.
In 1934, the United States gave an object lesson of why. If you held gold in a bank, then you lost it instantly, and you were given paper shit-dollars as a substitute. If you had physical gold in your possession,
and if you had purchased it anonymously, then it was pretty much up to you to choose whether or not to comply with government orders made under threat of 10 years of imprisonment. From what I gather, many of those who
could ignore the law just kept their gold very quietly.
In Bitcoin, we say, “Not your keys, not your coins.” In gold, the rule should be:
“Not your coins, not your coins!”[...]
Another good investment is probably property but again many forces out there are trying to control individuals from owning multiples.
(Increased taxes / not allowed to own properties as an outsider in certain location / scummy people living in your property etc)
For me it's not worth the hassle.
There you go. It is already happening. “You will own nothing and be happy.”
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