I gave four ways it improves over gold in the first couple sentences. Easier to transfer was one.
I'm with you, in that I'm very skeptical Bitcoin could replace or supplement gold in that role. It's not impossible though.
I'm with you, in that I'm very skeptical Bitcoin could replace or supplement gold in that role. It's not impossible though.
I can hand you a piece of gold and the transfer is done. No 74 character address, no keys, no official public ledger of the transaction happening, just a transfer of value between two parties.
Keep in mind the vast majority of gold holdings and transactions are between central banks.
And how can I easily verify it's really 100% gold?