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Bitcoin advantage: easily and instantly divisible. Gold not so much. Bitcoin advantage: weighs nothing, highly transportable. Gold not so much.

qeternity 8y ago
> Bitcoin advantage: easily and instantly divisible. Gold not so much. Not so important for a store of value. > Bitcoin advantage: weighs nothing, highly transportable. Gold not so much. Yet requires an order of magnitude more skill and overhead to handle.
- alienplutonic 8y ago
  Hardware wallets are stupid simple to use for BTC.
  - qeternity 8y ago
    Stupid simple for you maybe. The average person in the developed world would disagree, ignoring people in a third world country like Venezuela (the example that prompted this comment thread) who likely don't even have a computer.
- keymone 8y ago
  (bangs head on the wall) > what advantage does it have over gold? can you point me to words "store", "of" and "value" in the above question? > order of magnitude more skill and overhead to handle only if you assume handling gold means dropping the gold bar in your basement and never touching it again?
  - dragontamer 8y ago
    > can you point me to words "store", "of" and "value" in the above question? Bitcoin is up the past couple of weeks. So inevitably, the BTC community will be calling it a store of value. I think the general community is just reacting to the moving goalposts. When BTC's value is up, its a store of value. When its value is down, BTC's value is its transactions.
    - keymone 8y ago
      the question was what advantages bitcoin has over gold. one of the answers was divisibility. that answer was rejected by GP's comment because "irrelevant to store of value aspect" i'm just pointing out that this reason for rejection of a valid argument is plain dumb.
  - qeternity 8y ago
    Gold bar? The example that prompted this thread was Venezuela. The average Venezuelan can maybe afford some gold jewelry that has been passed down through the family, much less an entire gold ingot.

qeternity 8y ago

> Bitcoin advantage: easily and instantly divisible. Gold not so much. Not so important for a store of value. > Bitcoin advantage: weighs nothing, highly transportable. Gold not so much. Yet requires an order of magnitude more skill and overhead to handle.

alienplutonic 8y ago
Hardware wallets are stupid simple to use for BTC.
- qeternity 8y ago
  Stupid simple for you maybe. The average person in the developed world would disagree, ignoring people in a third world country like Venezuela (the example that prompted this comment thread) who likely don't even have a computer.
keymone 8y ago
(bangs head on the wall) > what advantage does it have over gold? can you point me to words "store", "of" and "value" in the above question? > order of magnitude more skill and overhead to handle only if you assume handling gold means dropping the gold bar in your basement and never touching it again?
- dragontamer 8y ago
  > can you point me to words "store", "of" and "value" in the above question? Bitcoin is up the past couple of weeks. So inevitably, the BTC community will be calling it a store of value. I think the general community is just reacting to the moving goalposts. When BTC's value is up, its a store of value. When its value is down, BTC's value is its transactions.
  - keymone 8y ago
    the question was what advantages bitcoin has over gold. one of the answers was divisibility. that answer was rejected by GP's comment because "irrelevant to store of value aspect" i'm just pointing out that this reason for rejection of a valid argument is plain dumb.
- qeternity 8y ago
  Gold bar? The example that prompted this thread was Venezuela. The average Venezuelan can maybe afford some gold jewelry that has been passed down through the family, much less an entire gold ingot.