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Gold is a useful material for some use-cases, and people want it because it's pretty. Even if its intrinsic value is overshadowed by store-of-value value, BTC h
by dtech 4y ago
Gold is a useful material for some use-cases, and people want it because it's pretty. Even if its intrinsic value is overshadowed by store-of-value value, BTC has nothing on that front.
- xyzzy4747 4y agoBitcoin can be transferred instantly across the world and the amounts verified by computers. Gold cannot.
- cpurdy 4y ago>Bitcoin can be transferred instantly across the world and the amounts verified by computers. Gold cannot. Which is a huge win for gold. I'm still looking for all my apes that got stolen.
- giaour 4y agoGold can be transferred between parties without leaving a public audit trail. Bitcoin cannot.
- xyzzy4747 4y agoYou can sort of transfer Bitcoin without an audit trail by giving someone the private keys to an account.
- giaour 4y agoI guess, but there's no proof the sender has deleted their copies of the keys. You would need to immediately transfer the assets to another wallet, and until you did, the sender could rescind the transfer by moving the coins themselves. Although meeting in person to physically transfer gold requires a similar amount of trust, so ¯\_(ツ)_/¯
- dtech 4y agoI fail to see how this is relevant at all, the point of parent was about intrinsic value.
- xyzzy4747 4y agoThere is intrinsic value in having a globally accessible Bitcoin network that has lots of liquidity.