5 ms·
> too high maintenance to be a store of value like gold Really? because the price/value flutuates too much? How is storing 1B dollars in gold lower maintenance
by 627467 4y ago
> too high maintenance to be a store of value like gold
Really? because the price/value flutuates too much? How is storing 1B dollars in gold lower maintenance than storing 1B dollars in BTC or other high-liquidity crypto?
- cowtools 4y agoMaybe the author thinks it is easier to steal or harder to secure bitcoin than gold. I think it is sort of nuanced and could go either way, but I would agree that bitcoin is easier to store: especially with a trusted multisig setup. Bitcoin owners have a lot of cheap security options based on their spending habits risk model.
- sixQuarks 4y agoYeah, I stopped taking the author seriously after this ridiculous statement.
- reledi 4y agoHarvesting and storage of a naturally occurring element is lower maintenance in theory. It is easily stored a thousand years ago and a thousand years from now, even if some global catastrophic event occurred that renders modern technology useless.