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Not trying to claim any expertise in the matter, but couldn't you say the same for gold? Any of us would love to have a box of it, but you can't do squat with
by 13of40 3y ago
Not trying to claim any expertise in the matter, but couldn't you say the same for gold? Any of us would love to have a box of it, but you can't do squat with it at the grocery store or the gas station.
- polygamous_bat 3y agoI would love to come across a free box of gold, or a private key holding a large sum in bitcoin, or anything similar. HOWEVER, that is not because I would like to keep holding onto it -- just to convert it to cash and then convert that cash proportionally to cash/short term/long term investments.
- c22 3y agoI'd probably hold it as is. I wouldn't ever consider converting some of my hard-earned cash into bitcoin or physical gold, but for a no-cost investment I'll take the diversification.
- bmitc 3y agoYou can, but gold is a commodity and not a currency in any modern sense.
- Aunche 3y agoGold is an nonreactive and pretty metal, which itself makes it valuable. People independently regarded it as valuable across different cultures for thousands of years. Fun fact: Technically, you could buy $50 dollars of groceries with an American Gold Eagle. You'd definitely confuse the cashier though.
- 13of40 3y agoMost of the people holding gold in a serious sense never actually see or touch it. They delegate that to trusted entities who can provide all the physical security and auditing that an average person can't. I feel like there's a parallel with the blockchain, in the sense that actual bitcoin is "heavy" to move but you can to a lot of IOU deals on the fringe of it.