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Bitcoin is more like holding a piece of gold. If all gold exchanges are closed you can still trade your gold with someone in person. You don’t get your money wi
by tomputer 4y ago
Bitcoin is more like holding a piece of gold. If all gold exchanges are closed you can still trade your gold with someone in person. You don’t get your money without ever selling your piece of gold to someone else.
- FabHK 4y agoYou can also make jewellery and tooth fillings and platings for electric contacts with gold. Not with crypto.
- mlyle 4y ago> You can also make jewellery and tooth fillings and platings for electric contacts with gold. Not with crypto. Most of gold's value is because it's perceived as valuable. The industrial uses, etc, are small. Jewelry is a way to flaunt this value as ornamentation.
- tomputer 4y agoThe parent post was about trading/selling crypto for money without exchanges. Gold has indeed some other use cases. It is however not possible to send physical gold over the internet. Gold is also difficult to verify. You'll probably need to rely on a broker/shop and their tools to test if it's real. Bitcoin is relatively easy to verify with software anyone can download for free.