2minutebitcoin on Nostr: Gold is expensive to store securely. Bitcoin is not. Gold is very expensive and risky ...
Gold is expensive to store securely. Bitcoin is not.
Gold is very expensive and risky to transport securely in significant amounts. Bitcoin is not.
Gold can be detected and confiscated. Bitcoin cannot. (so long as the seed phrase is properly secured).
Gold's supply is flexible. It increases when prices increase, as more miners mine. Bitcoin's is not.
Gold's supply is theoretically infinite. Asteroids contain gold. Bitcoin's is not.
Gold is subject to counterfeiting. There is a lot of gold-coated tungsten in circulation; it requires special equipment and knowledge to be able to detect it. Bitcoin is not.
Bitcoin can be sent over the Internet. Gold cannot.
Published at
2023-05-15 09:22:44Event JSON
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"pubkey": "0ea2dab3366701f28beb086adc8849b28c64a25048088fa6b2e5604eff369d71",
"created_at": 1684142564,
"kind": 1,
"tags": [],
"content": "Gold is expensive to store securely. Bitcoin is not.\n\nGold is very expensive and risky to transport securely in significant amounts. Bitcoin is not.\n\nGold can be detected and confiscated. Bitcoin cannot. (so long as the seed phrase is properly secured).\n\nGold's supply is flexible. It increases when prices increase, as more miners mine. Bitcoin's is not.\n\nGold's supply is theoretically infinite. Asteroids contain gold. Bitcoin's is not.\n\nGold is subject to counterfeiting. There is a lot of gold-coated tungsten in circulation; it requires special equipment and knowledge to be able to detect it. Bitcoin is not.\n\nBitcoin can be sent over the Internet. Gold cannot.",
"sig": "da6b66278e3467eacbfdd777b53a306cc966a53efa3c8c9e8d42b1ba16d72e9a44efd6638a89091fbfde0d1e617e0d65dedc182c46e8a5c622206aaabddf5440"
}