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A comment on Bitcoin World’s 30th Largest Currency, Market Cap Closes on Mastercard. Parent comment

Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by roenxi on Monday November 27, 2017 @05:03AM (#15786175)
Well, gold owes it's continued existence to the continued holding of the laws of physics.

Practically, I suspect Bitcoin relies on the reach bitcoin mining networks. If, eg, China's bureaucrats go mad and split China off from the main internet for a decade, what happens to bitcoin? I've been led to believe the serious mining pools are Chinese. Gold doesn't care about that sort of thing at all, it just keeps existing.

There are arguments for both. Storing metal is a cost.

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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by colejohnson66 on Monday November 27, 2017 @05:15AM (#15786234)
If China cuts off its internet, Bitcoin would still exist though. I fail to see the connection
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Re:Bitcoin World’s 30th Largest Currency, Market Cap Closes ... by gonvaled on Monday November 27, 2017 @09:39AM (#15787624)
It would still exist, but split into two blockchains. They would diverge, effectively becoming two completely different things, with different values. What kind of asset you have would depend on what network you are connected to.

This situation already exists for gold: gold (the physical stuff) in China and in the EU are loosely coupled: try to move your gold bar around.

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