Christopher Baker

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Christopher Baker
chrisbaker@primal.net
npub1km3l...2kuk
Nation State Advisor @JAN3 NodeRunner Miner Valuer

Notes (20)

Good evening everyone.
2025-11-04 23:09:22 from 1 relay(s) View Thread →
Good morning, everyone. What is happening today? Time to escape for a while. El Salvador incoming.
2025-11-04 12:07:59 from 1 relay(s) View Thread →
Good afternoon everyone!
2025-11-03 19:53:04 from 1 relay(s) View Thread →
Good morning, everyone. Regardless of your location in the world, I extend my heartfelt wishes for you all to have a bountiful, successful day filled with the happiness that the universe has to offer.
2025-10-30 09:35:48 from 1 relay(s) View Thread →
Good morning everyone!
2025-10-29 10:08:27 from 1 relay(s) View Thread →
Gold and Bitcoin Faith Trumps Utility By Christopher Baker, FRICS – Nation State Advisor, JAN3 Oct 25, 2025, 4:44 PM EDT The purists among gold advocates jump on every chance to question Bitcoin’s lack of "intrinsic value," claiming gold’s utility gives it superiority. Yet silver’s 562 million troy oz of industrial use, versus gold’s 9.6 million, exposes the flaw. Gold, trading around $4,126/oz, beats silver’s $48.82/oz ratio (85:1) because of faith, not use, nor intrinsic value. Bitcoin mirrors this dynamic. For Strictly Monetary Use: Gold’s true monetary share is roughly 7%, with the remaining 90% tied to jewelry, investment, and central bank reserves. Bitcoin’s use is not just an asset, a store of value, a hedge against anything, NGU (number-go-up). It can serve any purpose its holder chooses, yet remains 100% money. As @Excellion states, “Bitcoin is energy money.” At a market capitalization of $2.23 trillion ($111,690 per BTC), the winner is clear: Bitcoin’s purity. Liquidity and Reach: Gold’s tradable supply is roughly 1.8% versus Bitcoin’s fixed 21 million cap. Gold’s $163 billion liquidity tops Bitcoin’s $35 billion, but Bitcoin’s 200x returns and 100-150 million users outpace gold’s 200 million physical plus 50 million paper holders (days/weeks to liquidate paper, 1-7 days for jewelry at 20-50% discount). Winner: Bitcoin. Faith and Security: Gold depends on trust, custody, and faces confiscation risk. Bitcoin relies on math—23,963 reachable nodes and 425–500 million holders—secured by immutability, security, and energy. Winner: Bitcoin. User Access: Gold’s bulk limits third-world use; Bitcoin powers remittances in Nigeria, Vietnam, and El Salvador. Try sending your Malaysian aunt an ounce of gold to help her out of a financial tough spot, or even flying there with it—good times. Winner: Bitcoin. Mining: Gold rapes the land and emits 81-116 million tons of CO₂; Bitcoin’s 150 terawatt-hours emit only 60-70 million tons of CO₂, which is largely renewable. Winner: Bitcoin. Verdict on the Superior Money: It's bitcoin today, and it will be bitcoin for generations to come. Every physical asset has an economic life and usually a change in use over time. That cool blacksmith tool in your living room still has value, but now it's a piece of art, an artifact, something of interest. Gold will retain value, but its value in use is not the same as its current market value as an asset or money. Both can decline over time. The gold bugs’ utility argument fails now and will fail again. Bitcoin is many things to many people, but one thing is clear—and will become clearer over time: it is money, it is energy, it is technology, and it is superior to gold. Winner: Bitcoin—by design. @JAN3official #Bitcoin #Gold #Crypto#Climate
2025-10-27 10:48:45 from 1 relay(s) View Thread →
Good morning everyone.
2025-10-27 09:27:20 from 1 relay(s) View Thread →
Buenos días a todos!
2025-10-19 11:57:25 from 1 relay(s) View Thread →