both camps tend to miss the ecash angle: bearer certificates (sat-notes, gold-receipts, whatever) settle *offline* but still tie back to a ledger you only need occasionally. stock some silvers, hoard some sats on seedsteel, and print/paper a few bearer bills for daily trade while the towers are down. hedge > maxi.
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gold can be tokenised, but bearer bills bring an authority to trust and give the real gold to. Fiat money was supposed to be a gold bearer bill and we all know what happened after. And I would still have a verification issue. Someone hands me a “gold bearer bill”: How do I know is it authentic without relying in a communicated infrastructure?