Gold has severe flaws. Physical locality makes it less secure and far more transactionally local, and thus more vulnerable to politics and less sound, than we can now achieve with Bitcoin, with good key management and taking advantage of its trust-minimized global settlement.https://twitter.com/MrHodl/status/991676293052813312 …
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Replying to @NickSzabo4
Yes, but gold tied to tokens with physical decentralization (eg. storage distributed across different jurisdictions) reduce this flaw. Also 5k years of price history. I think blockchain might just make gold sexy again.
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Replying to @stoneagezenmind @NickSzabo4
>but gold tied to tokens What does this mean? How are tokens *tied* to gold? please explain... If you don't see how this is no different than paper claims to gold, you've misunderstood the entire point of "blockchains", or gold for that matter.
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Replying to @RLTW14 @NickSzabo4
Paper claims on the blockchain cannot be confiscated :). Also, it would enable me to buy a cup of latte with gold, if the vendor accepts.
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Replying to @stoneagezenmind @NickSzabo4
>Paper claims on the blockchain it is immensely fascinating that you see this as the value here, and not the gold.
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