21 sats \ 1 reply \ @rax0m 13 May 2023 \ on: Bitcoin vs Gold: Pros and Cons bitcoin
It was a good summary.
But I'll play the devil's advocate and list some advantages that gold does have.
- Proven track record
- Universally acclaimed store of value
- Will not fail due to some programming error or cryptography breaking
- Has intrinsic value (which is not needed for something to be money. Unclear if this is a pro or con)
More?
It's available during network outages.
It might have fundamentally stronger legal protection in the US.
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