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I gave four ways it improves over gold in the first couple sentences. Easier to transfer was one. I'm with you, in that I'm very skeptical Bitcoin could replac
by eloff 4y ago
I gave four ways it improves over gold in the first couple sentences. Easier to transfer was one.
I'm with you, in that I'm very skeptical Bitcoin could replace or supplement gold in that role. It's not impossible though.
- blitzar 4y ago> Easier to transfer was one. I can hand you a piece of gold and the transfer is done. No 74 character address, no keys, no official public ledger of the transaction happening, just a transfer of value between two parties.
- eloff 4y agoMoving gold across the ocean is expensive. You can only do it so many times before you've expended the full value of the gold. Bitcoin is much easier to move around by comparison. Keep in mind the vast majority of gold holdings and transactions are between central banks.
- mateuszf 4y ago> I can hand you a piece of gold and the transfer is done And how can I easily verify it's really 100% gold?
- eloff 4y agoReally not easily. Bitcoin is superior in that way.