Topic: Bitcoin > Gold - page 4. (Read 370 times)

Crypto does have that kind of characteristics but honestly i dont get the point on why people do really compared out Bitcoin into a natural mineral that can be founded on earth.When it comes to value
then we do know on whats the position of gold.Well it might not really be that volatile compared to bitcoin but when it comes to store of value and security then i would say that
gold would really have it but well they do serve out different markets and at least we do have some option to take.

Bitcoin is better than gold as a store of value asset, objectively.

• It can sent from one side of the planet to the other within seconds. (And it's extremely cheap with LN)
• It's easier to cut it into 100,000,000 pieces.
• It doesn't take space. (No storage costs)
• You know exactly how many there'll be.
• It's easier to verify.

And it introduces an extra feature: Trustless divided possession. (Multi-sig)


But, is this true? Lots of human rights are violated from authoritarian states. So, while everyone should have the right to own Bitcoin, they don't. While everyone should have the right to vote democratically, they don't. While everyone should have the right to be educated or health cared for free, they don't.
 
Some don't even have water.

The government can’t take my bitcoin, they won’t find my private keys, impossible. It really isn’t that hard to engrave them on something & hide or bury them. I could do 15 years in jail, get out & nobody would have found them.

Bitcoin is better than gold in every way.

Government can literally take your private keys as easily as your hidden physical gold if they want, i mean good luck hidding that private key and if it's only in some physical device, it doesn't matter if officials can decrypt it or not if they confiscate it. Also btc wallet isn't an anonymous wallet, it's pseudonymous. You might feel that's nitpicking, but it makes all the difference since EVERYTHING can be tracked. That comes problematic when you try to cash out a bigger sum and your id will go to that mix.

Hey guys!


I am making this post to start the discussion of Bitcoin vs gold, I know that this topic has been discussed in different threads, but I have a different approach of this topic. I want to get the opinion of the people that think gold is superior so I can see the other side of the argument.

I believe that Bitcoin is superior to gold, they're both assets, but not the same kind of asset. Gold is physical in the sense that a government or large entity can take it away from you, without your knowledge, and without needing your permission. Bitcoin combats this, a Bitcoin wallet doesn't need a SSN, ID, and other identification to own. Anyone in the world has the right to own Bitcoin, but the same can't be said about gold. People also argue that gold is a safer asset because it can be insured. I second this, insurance needs identification, which adds a second layer of binding your assets to your data, meaning that multiple people know exactly who owns that gold and how much its worth, that leaves room for corruption inside of banks allowing an evil third party to be notified who owns large investments that could be stolen/robbed. Bitcoin, as long as you have an anonymous wallet, doesn't have this issue. So long as you mix your coins before you sell them peer to peer or at an exchange, your identity for the most part is safe. Along with that, you can store Bitcoin in cold storage for decades with no apparent owner, so that they can be accessed later without legal trouble arising because of someone claiming that the investments are theirs.


Thanks for reading, what do you think about the Bitcoin vs Gold debate?