Bitcoin destroys gold

I can’t sell my physical gold instantly while I’m at home. With bitcoin I can do it from home... naked.

I can’t tell if my gold is real or fake, it could just be a tungsten bar from China. With bitcoin I don’t need to worry about such trivial things. Everything is open for me to verify without any third parties trust.

I have no idea how much gold is really out there. With bitcoin I know exactly how much is being produced and how many exist.

I can’t send my gold anywhere in the world instantly. With bitcoin I can do it in the middle of the ocean from a satellite to someone anywhere on the globe

I can’t sell a small portion of a gold coin instantly or pay for things easily. I would have to melt it in the crucibles to buy a taco from jack in the box.

I can’t mine gold in my shed out back. I can with bitcoin, if I had the funds.

Gold is for boomers.

Bitcoin destroys gold.



Submitted August 26, 2020 at 12:10AM by Lagaru https://ift.tt/3aUj5h8

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