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Gold has pretty big downsides as a store of value. It's heavy, hard to transport, ... . The key to a cryptocurrency store can be memorized in your head. That m
by koonsolo 4y ago
Gold has pretty big downsides as a store of value. It's heavy, hard to transport, ... .
The key to a cryptocurrency store can be memorized in your head. That means I can have 2mil in my head, with no other way to access it. I take it wherever I go, and can access it when there is internet. I can also send it to whoever I want, no limit.
This is literally a 1st. How high people value that, is not up to me alone. But you cannot deny that it has some value. And as long as it has some value, the above works. It basically bootstrapped itself. Claiming it has a value of 0 is very short sighted.