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There are many reasons to choose BTC over gold: - easy to transmit - easy to store (but both gold and BTC are dangerous to store at home from the security sta
by bufferoverflow 2y ago
There are many reasons to choose BTC over gold:
- easy to transmit
- easy to store (but both gold and BTC are dangerous to store at home from the security standpoint)
- easy to buy and sell
- BTC is actually limited (capped). There's no practical limit to the amount of gold. You're always one tech breakthrough away from gold becoming very common - read the history of aluminum, they used to make jewelry out of it.
- impossible to counterfeit. Even banks struggle to detect counterfeit gold
- gold for payments is completely impractical, BTC has Lightning network that seems to work.
- BTC is programmable