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Re:Why I’m Cryptophobic by cowtools on Thursday June 30, 2022 @10:45AM (#31933000)
I agree with your point, but consider the following:

1: Cryptocurrencies can still operate over distributed mesh networks or sneaker-nets in a semi-doomsday scenario.

2: With gold, it is difficult to verify its authenticity vs some impostor alloy without the necessary tech/knowledge.

Edit: the bottom line is that in a doomsday scenario, people have little use for bitcoins or shiny yellow rocks.

Re:Why I’m Cryptophobic by ludston on Thursday June 30, 2022 @11:09AM (#31933417)
You can verify gold with a vessel of water, an already verified piece of gold and a set of scales. It's taught in story form to primary age children with the famous quote "Eureka I found it!"
Re:Why I’m Cryptophobic by datadata on Thursday June 30, 2022 @11:54AM (#31934318)
For daily transactions at the current gold price, it would be extremely hard to do this sort of measurement that way with any precision without very specialized equipment. A gram of gold (around $60) is a reasonable daily transaction size and has a volume of 0.05ml. In order to distinguish metals of similar densities, you'd have to be able to measure just a fraction of that volume accurately. Maybe there is some clever system to scale this down, but wasn't obvious to me.
Re:Why I’m Cryptophobic by ludston on Thursday June 30, 2022 @09:48PM (#31941196)
Well one historic way of doing this, was instead of trading directly in minute quantities of gold, people would store larger amounts of gold in a bank and trade contracts that represent certain fractions of what is stored. This was called "currency".
Re:Why I’m Cryptophobic by cowtools on Thursday June 30, 2022 @11:23AM (#31933724)
Interesting point. I don't have any comment, but it looks like this guy disagrees with you: https://news.ycombinator.com/item?id=31933490
Re:Why I’m Cryptophobic by nradov on Thursday June 30, 2022 @01:29PM (#31935730)
We have never seen a distributed mesh network that worked correctly in the real world at scale. The OLPC project tried doing that but ran into severe technical problems. So it's not necessarily impossible, but I simply don't believe we will have an operating mesh network in that scenario.

https://wiki.laptop.org/go/Mesh_Network_Details