Most people on earth don't have the ability to just invest in traditional commodity markets as a hedge.

Most people on earth DO have a mobile device, which grants them permissionless and censorship resistant access to the bitcoin network. This access allows for an escape hatch against abusive regimes who debase their country's fiat currency.

So I take it you are not willing to accept bitcoin for free since it's not "real and economically useful"?

Commodities don't have a fixed supply, they are not transportable, you can't actually own them. You can't verify them. You can't transact them easily.

Real and economically useful, bitcoin or commodities. which is which?

>Real and economically useful, bitcoin or commodities. which is which?

Commodities are the ones that can be both real and economically useful, to answer your question.

It's raining right now where I am. The roof of my house is keeping me dry. Can a bitcoin do the same?

The property you're asserting is physicality not reality or usefulness.

You realize what that would entail? Imagine a horde of wallstreetbets people buying huge amounts of dry wheat, causing the price to go through the roof and/or wheat becoming unavailable in some areas. Or, when they sell, a bunch of farmers' revenues dropping and making them go bankrupt. You really want that? Isn't it better if the chaos is contained to goods that aren't really important?

Oh, and depend on the GOVERNMENT to protect my commodities contracts with fiat courts of law, or my physical commodities with their jackbooted thugs?

Harder to store, transfer, many commodities are perishable, bulky, heavy, etc.

When you learn about commodity-backed ETFs and mutual funds you're going to be really excited :)

Not if I want to really own real thing.

I can't imagine why you would want to haha. I don't really want to own Apple, I just want price action to the upside. Owning shares in a commodity ETF is no less real than owning a bitcoin.

When you buy commodities for investment they aren't exactly shipping trucks of corn to your house

That's strange, how do you know it's real and you own it? With my bitcoin, I can verify that I received it and that no one except myself has access to that specific portion of the supply. And then I can even transact it whenever I like without the involvement of any custodian!

You can verify that you have a key that corresponds to a specific quantity of Bitcoin. What you cannot verify is how much you can exchange it for. This is no different than owning a share of a commodity ETF. Transacting via custodian has literally never once gotten in my way. Has it for you?

> What you cannot verify is how much you can exchange it for.

Yes the price of assets are decided in a free market. So what point are you making exactly? Clearly in every other aspect, bitcoin is superior. In fact, bitcoin is one of the only assets that can be traded in the most free market environments possible, next to cash.

> Transacting via custodian has literally never once gotten in my way. Has it for you?

Yes it has. And it has for hundreds of millions people around the world. I come from a country that's under heavy sanctions, banks will refuse to bank you or will shutdown your account for no apparent reason. You're marked as a risky client anywhere you go that touches money and have to put up with extra checks.

Whoever you bank with has never had outages? They've never kept funds on hold pending checks? You haven't had to chase up a every department because your wire transfer didn't arrive? The list goes on. If not then good for you, but you're in the absolute tiny minority.

Of course, but you are not actually owning those commodities, then. You are not buying them and this is the point -- with bitcoin you are really in control.