Ah yes Gold. Thé resource with amazing intrinsic socially constructed value.
Oh the irony
If anything has a socially constructed value, it is a cryptocurrency. In this respect, it is very much like fiat. What is the actual value of an entry in this distributed ledger we call Bitcoin? It's anyone's guess.Yeah, the practicability.
Contrary to gold, btc can be send anywhere from anywhere.
You'll tell me same thing for fiat if they're based on gold that means gold (through fiat) can do it too.
Yeah but btc is based not on simple arbitrary assets as gold but on Hashing power. Which means technology development and power! Much better that an arbitrary noble metal no?