> Do you hold the dollars in your bank account?
No, we don't, which is exactly why gold is considered superior.
No, we don't, which is exactly why gold is considered superior.
Holders of gold maintain custody at risk of physical confiscation.
Holders of Bitcoin maintain custody (of the password that allows spending said Bitcoin) and are cannot he compelled one way or another. The bitcoin moves when they say so.
There's four things in play in this discussion, and they each fit those ideas differently. Paper dollars in the hand, digital dollars in a wallet, gold in the hand, and bitcoin. This discussion would be over if better definitions of 'ownership' were used.