I don't see Bitcoin going the way of Gold or Silver as something to be freaking out about, whether it happens or not.
Nearly every single fiat currency in existence including dollars, yen, yuan, rupees, pounds, etc. used to represent units of gold or silver.
Their issuance, movement and uasge was 'captured' by states and their central banks, and turned into fiat. Gold and silver remained as they were. Their properties never changed.
Both metals are still very much relevant, widely-used, frequently traded, highly liquid and held by many. They're just not widely used as money anymore. When priced against fiat, they've gone up by quite a lot in the last few decades. Those who have held them wouldn't be disappointed I'm guessing.
Wanting bitcoin to be used as a widely-accepted monetary good is a wonderful ideal to be working towards realizing. I want it too. I want to take self-custody and pay in bitcoin. If it happens, great!
But if it doesn't happen, I'm not going to be disappointed. I can simply convert to whatever money people accept. No biggie. That's what markets are for.
States are pitiable institutions that are always going to want to steal, coerce, manipulate and surveil. It's in their nature and purpose to do that. They can't help it. They can't know better.
In a world of states imposing legal tender laws; taxes on trades; exchanges and capital gains; foreign exchange controls; trade enbargoes; manipulation of money, interest rates and foreign exchange markets; we're not probably not to going see sound money adopted and used widely.
Maybe if the things listed above don't exist anymore and are scrapped outright, things will be easier. But public opinion in Bitcoin, leave alone the wider world, isn't actively in favour of or advocating for such a state of affairs.
Black markets are bound to emerge if bitcoin does become widely used in such a world, and we'll simply have to learn how to navigate them. It is what it is.
sachin
npub1xn…43qnl
2026-10-07 20:22:23 UTC
Author Public Key
npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnlSeen on
wss://relay.damus.ioPublished at
2026-10-07 20:22:23 UTCEvent JSON
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"content": "I don't see Bitcoin going the way of Gold or Silver as something to be freaking out about, whether it happens or not.\n\nNearly every single fiat currency in existence including dollars, yen, yuan, rupees, pounds, etc. used to represent units of gold or silver. \n\nTheir issuance, movement and uasge was 'captured' by states and their central banks, and turned into fiat. Gold and silver remained as they were. Their properties never changed.\n\nBoth metals are still very much relevant, widely-used, frequently traded, highly liquid and held by many. They're just not widely used as money anymore. When priced against fiat, they've gone up by quite a lot in the last few decades. Those who have held them wouldn't be disappointed I'm guessing.\n\nWanting bitcoin to be used as a widely-accepted monetary good is a wonderful ideal to be working towards realizing. I want it too. I want to take self-custody and pay in bitcoin. If it happens, great!\n\nBut if it doesn't happen, I'm not going to be disappointed. I can simply convert to whatever money people accept. No biggie. That's what markets are for.\n\nStates are pitiable institutions that are always going to want to steal, coerce, manipulate and surveil. It's in their nature and purpose to do that. They can't help it. They can't know better.\n\nIn a world of states imposing legal tender laws; taxes on trades; exchanges and capital gains; foreign exchange controls; trade enbargoes; manipulation of money, interest rates and foreign exchange markets; we're not probably not to going see sound money adopted and used widely. \n\nMaybe if the things listed above don't exist anymore and are scrapped outright, things will be easier. But public opinion in Bitcoin, leave alone the wider world, isn't actively in favour of or advocating for such a state of affairs.\n\nBlack markets are bound to emerge if bitcoin does become widely used in such a world, and we'll simply have to learn how to navigate them. It is what it is.\n\n \n\n",
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