[Bitcoin] doesn’t suffer from numerous problems of Gold.
(1) Physical nature
(2) Centralization-in-Vaults problem
(3) Easier to seize
(4) Harder to verify
(5) Even more disinflationary
(6) Susceptible to a lot of “claims” and “derivs” which expand the supply
(7) slow to settle transactions around the world
(8) hard to carry billions with you through the airport
(9) have to trust intermediaries to use
(10) not extensible / can’t build even more additional utility / perks atop it
I can go on for days.
2018-11-19 | Full Review