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I think bitcoin is about as difficult to transact as gold, although in ideal circumstances cryptocurrency should be easier to transact than gold. However, gold
by cowtools 4y ago
I think bitcoin is about as difficult to transact as gold, although in ideal circumstances cryptocurrency should be easier to transact than gold.
However, gold has a fundamentally stronger argument for its value. Gold is useful: it has unique physical and chemical properties.
- anonporridge 4y agoThis strikes me as obviously untrue. Gold is drastically more difficult to transact in than bitcoin or any cryptocurrency. Not only is it extremely difficult to create exact change to pay in gold (shaving of milligrams per dollar?) but there is zero infrastructure or education on how to verify that the gold is real. Even modern nation state banks have been fooled by tungsten cored bars of gold. There are plenty of well established crypto apps that make receipt, verification, and conversion into your preferred cryptocurrencies or fiat currencies instant and effortless.
- cowtools 4y agoInteresting point. I don't have anything interesting to say, but maybe you should argue with this other guy: https://news.ycombinator.com/item?id=31933417 https://news.ycombinator.com/item?id=31933417