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The fundamental difference between cryptocurrency and gold is that cryptocurrency can be transmitted whereas gold can only be carried. Try carrying a bar of go
by zarzavat 5y ago
The fundamental difference between cryptocurrency and gold is that cryptocurrency can be transmitted whereas gold can only be carried.
Try carrying a bar of gold across a border and you'll end up in an interrogation room.
- soco 5y agoHow about declaring it in the first place?
- zarzavat 5y agoYou'll still end up in the room regardless. Most governments are pretty interested in people who carry large amounts of gold through borders! They might make you forfeit that gold if they don't like your answers, or if you have too much. Cryptocurrency's digital nature makes it much more useful than gold. It can be stored like gold in a vault, but it can also be transmitted over the internet like a bank transfer. It's pretty incredible stuff.
- alchemism 5y agoThat is why diamonds are traditionally used for that sort of transfer.