Gold requires as much trust as fiat in order to function. Bitcoin is the first money in 5000 years that does not require trust in any company, authority, or government to function.

For gold to work as money you need at least one of the following:

1) An authority to make it fungible by coining it into equal weights and sizes (historically this was done by governments).

2) A government to store your gold and issue paper certificates you can trade with.

3) A centralised company to store your gold and issue digital tokens or credits you can trade with.

For bitcoin to work as money all you need is software.

Submitted June 20, 2020 at 09:08PM by slvbtc https://ift.tt/31dclbB