NGU - Non-Governmental Utility

3 comments

phusionphil1.3 K5 years ago

Bitcoin is a Non-Governmental Utility, the first financial service not managed by a central organization that is capable of providing equal services to anyone on the network. 1 Bitcoin would do as much for me, an experienced and weathered HODLer of many coins, as it would for someone who had just discovered it. It is a non bias financial Utility for all of mankind capable of using internet technologies.

Gold is another financial utility from recent history, not controlled by a government. If you don't count the manipulation at 10-11am in the UK everyday.

Gold vs Bitcoin

Although this topic is very well curated on the internet, I believe this is one of the best reflections on the Gold vs Bitcoin topic. It is not persuasive like the bias of Peter Schiff or Bitcoin Maximalists. Enjoy.

https://open.spotify.com/episode/4VLLhuqKik9wACt51oVRx4?si=aSBbBvHcRT6vaCzNDujgNA

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