3 ms·
I don’t think it’s just the rarity. It’s also trustless, secure and easy to transfer. For ex, with gold, you’d have to carry blocks of it to move it around. And
by westoque 9y ago
I don’t think it’s just the rarity. It’s also trustless, secure and easy to transfer. For ex, with gold, you’d have to carry blocks of it to move it around. And even then, you’d still don’t exactly trust it’s source 100% unlike bitcoin, where everything is in the ledger.
- mulmen 9y agoPretty sure gold scales better than bitcoin as far as transactions over time.
- chii 9y agoyou'd be hard-pressed to try and transport gold across borders in any significant amount.
- brucephillips 9y agoThe vast majority of people own derivatives, not physical gold.