Question #7) How will you sell Bitcoin if the power grid goes down?
Answer: You won’t. Without electricity, Bitcoin ceases to exist for the simple reason that it only exists as a computational hologram, requiring both a steady stream of computational power and a functioning internet to stay alive. Now, you might argue that the risk of the power grid going down is very slim. But NASA puts that risk at about 12% every decade due to the appearance of massive solar storms that would fry the current power grid structure and thrust much of our world back into the 1800s. A single EMP nuke attack from North Korea would also accomplish much the same thing.
For these reasons, Bitcoin is highly vulnerable to EMP, solar flares and nuclear war. Physical gold, however, outlasts all such disasters for the simple reason that gold is an element of matter and cannot be destroyed by any normal means, even if you try. (You can’t burn gold. All you can do is melt it into another shape of gold.)
