Goldbacks can be verified by numerous features in the design, like watermarks etc, I believe the mobile app can verify them as well, so far they have not been counterfitted. So the trust is anchored in the producer adding adequate amounts of gold, and free market incentives are likely keeping him honest. Bitcoin has an infinite cost to be transported in meatspace without internet, meaning it's not even possible.

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Tony Acid 's avatar
Tony Acid 7 months ago
What do you think is the % probability that we might experience "no internet" event in the future? Are you considering this to happen?
I'm offline and without a phone a decent amount of time... This isn't only a shit hits the fan szenario.