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The real issue (beyond verifying it) is "making change"
I also thought of this. If I tried to buy a cup of coffee with my bar of gold and the person said they'd love to accept gold, I need to now scrape off a coffee-worth of gold. To get that exactly right...well...not easy.
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This would benefit the poor but destroy the current rich
Depends who you define as the rich...
- Deflationary collapse by simply stopping the money printers, allowing in effect triggering of a global margin call. Most all property would transfer to the creditor of last resort, the globalist bankers. It's just like Bitcoin never existed in that case because its just another way to disappear fiat. Same deterrent as above, people in the system not at the very very top would be unlikely to survive it.
Assuming the lizard people wield all the power and just want us killed off and out of their garden, save for a few slaves, simply turning off the money printer is one way to do it. Little more reprisal risk to that vs. installing Hillary to start a nuclear war with Russia while they ride it out in their bunkers/submarines which is probably the only reason it hasn't happened.
Offline or grid collapse is Achilles heel of bitcoin.
Same may be true of Gold but its less obvious why. The real issue (beyond verifying it) is "making change". If you have 1 oz gold coin but person you are trading with only has 2 chickens to trade - how do you do that? Give him the gold coin and hope he will get 1000 chickens in the future to pay you?
For most of humanity we were in a tri-metal scheme: Gold for big purchases and long-term savings (like bitcoin), Silver for wages and medium value purchases, and Copper for day to day stuff.
This is why most real preppers realize that although having a gold stash is good, canned food + lead (bullets) + silver are a better immediate solution.
There is another failure mode of bitcoin: Interest rates go to 18%. This of course would destroy the current financial system but would conversely save the monetary system (ie. just holding dollars would be sufficient for savings). This would benefit the poor but destroy the current rich, which is why we are very unlikely to ever see it.