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What if someone comes to your house and steals your gold bars in a vault? That's the same thing as stealing your Bitcoin. If my private keys are in cold stora
by stale2002 9y ago
What if someone comes to your house and steals your gold bars in a vault?
That's the same thing as stealing your Bitcoin.
If my private keys are in cold storage in a vault, it isnt any easier to steal that, than if my Bitcoin was instead gold bars.
- jedberg 9y agoGold bars in a vault are at least something of value, and not just bits on a drive. The physical gold can be used to make things. What can you do with the bits on a drive?
- sharemywin 9y agoThat argument could be made for any intellectual property and it would be wrong.
- astrange 9y agoThat's not the reason gold is a popular reserve. It's just hard to inflate, and we've decided to pretend it's valuable because the alternative would be inconvenient. Like Amazon shares and the concept of web advertising.