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You’ve articulated why people call Bitcoin “digital gold”.

• mbesto 4y ago
  Totally. So what's the advantage of using crypto over a bar of gold then?
  • samkon 4y ago
    Crypto can be secured and transported much more cheaply and easily - as opposed to gold, where many people would rather own/trade a receipt for gold kept in a secured vault.
  • once_inc 4y ago
    Because while gold bars might be technically decentralized, that doesn't mean they are practically decentralized too. In fact, gold bars are probably 99% centralized in corporate and governmental vaults, neither of which are openly audited. Also; lots of 'paper gold' is sold, suppressing the value of it.