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Your coins aren't stored on a computer but on a distributed ledger around the globe, secured with strong crypto, Merkle trees and proofs of work. Your (hopefull
by rahen 3y ago
Your coins aren't stored on a computer but on a distributed ledger around the globe, secured with strong crypto, Merkle trees and proofs of work. Your (hopefully cold) wallet only stores your private key.
Gold is hard to transport, easy to confiscate and hard to divide, thus difficult to use as a currency. None of those apply to Bitcoin. Well, unless someone is dumb enough to leave his money on an exchange.