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Here's a big difference - Bitcoin requires the existence of a computer network and all that entails about global stability (computers, electricity, infrastructu
by infinite8s 9y ago
Here's a big difference - Bitcoin requires the existence of a computer network and all that entails about global stability (computers, electricity, infrastructure). Gold (or any physical medium of exhange) doesn't.
- factsaresacred 9y agoThose people that hold gold as a hedge don't hold gold. They hold a database entry on a computer somewhere that assigns them ownership of some gold (supposedly) in a vault somewhere. This requires global stability, and a great deal of blind trust in multiple third-parties.