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> In this context, it's much harder to protect gold from the government (if it decides it wants to take it away). If you're to the point where some authority i
by bunderbunder 8y ago
> In this context, it's much harder to protect gold from the government (if it decides it wants to take it away).
If you're to the point where some authority is forcefully taking your assets away, I'd much rather have physical possession of gold than Bitcoin. You can bury gold somewhere and pretend you don't have it. Bitcoin, on the other hand, takes place on a public ledger, so they can, in theory, always track it down. And a thug who's willing to take your gold at gunpoint will be equally happy to take your wallet keys at gunpoint.
In terms of @#*%ing up the economy, governments are just as able to trash the Bitcoin economy as they were to trash the gold economy 100 years ago. Using exactly the same methods, too.
- alienplutonic 8y agoIt's much more practical to obfuscate ownership of BTC (buy it pseudononymously with paper cash, send it through a mixer or XMR) than it is to bury gold. The buried gold is hard to access, not portable, and you would have to be damn sure some hobo didn't see you bury it.