Comment by @0x400 • Hey

BTC is the new gold!

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BTC is better than gold. Gold was stolen during WW2. Also Switerzland for example, stored some of their gold in the US because they were afraid Hitler would steal it as well. When the war was over, and the wanted to repatriate the gold to switzerland, the used denied repatriation. Also when the CB settled with gold, the gold was moved from the vault of one central bank to the vault of another CB. But in the same building. After a lot of gold piled up in the Portuguese CB in Zürich, de gold was transported to Portugal. This is cost intensive an risky. You see, for CB, BTC is much better. But also for the small men, how do you know a gold coin is real? How do you know how much gold a coin contains (is it 750, or is it less). BTCs disadvantage is its short history. That is golds big advantage.