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"Digital ownership" of gold is a lie. You own promise, not the thing. You can own bitcoin and can do that in a way that no one can access it except you. It's ea
by oleganza 13y ago
"Digital ownership" of gold is a lie. You own promise, not the thing. You can own bitcoin and can do that in a way that no one can access it except you. It's easy to prove: you can create a random key, move some money there and erase that key from everywhere. Now that money is not accessible by anyone forever. Ability to destroy stuff is what ownership means. If you lock up gold in a vault, it still can be cracked and opened. If you trust some bank to store gold for you, they own it and promise to deliver it when you want. But you own promise, not gold. And that promise was constantly broken by banks and governments throughout history.
http://blog.oleganza.com/post/67362431718/you-can-own-bitcoin-you-cant-own-your-dollars http://blog.oleganza.com/post/67362431718/you-can-own-bitcoi...
On altcoins:
http://blog.oleganza.com/post/54121516413/the-universe-wants-one-money http://blog.oleganza.com/post/54121516413/the-universe-wants...