RE: Staking "Gold vs New Gold"
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I was just discussing this with my significant other. He's got gold, I got him on the Bitcoin train. He's considered selling all his gold to invest in BTC. My concern with that is, if a massive solar flare fucks up all our power grids, how will we access these bitcoin? Thoughts. Thanks for sharing this though. Really puts things into perspective.
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Wow, that's concerning indeed, I guess that yes, in this case it is much better to have gold, but what is the likelihood of that to happen?
I have studied the flares for many years. Historically, we are due for another massive flare, but I know the grids have been reinforced. Hopefully reinforced enough....
Interesting, taking note
Also im not sure where you live but according to geological studies we are due at any time for a massive earthquake AKA the continental divide. It will essentially split N. America in half. I live in GA. Florida will mostly be underwater sending massive amounts of Floridians to GA and neighboring states. I think power would come back quicker than with a massive solar flare. Due to the quake I plan to move from Georgia soon. Mt St Helen's is due as well. Not trying to be a debbie downer I think we still do have time to make a killing with the bitcoin withdraw to fiat, buy gold or keep it in fiat. although if bitcoin banks emerge since bitcoin is getting ALOT of attention we could just use our BTC Visa. :D
OMG!