gold can be repatriated
Claiming gold and silver aren't fungible because...it can be physically stolen...is the most illogical, laughable, and unrelated to the topic argument I've ever seen. Are you sure you're a programmer? This is not sound logic. Is your next feat of logic to claim that earth isn't a planet because someone might steal it?
Stolen and confiscated are 2 different things. When the govt blacklists bars and you have to melt that gold turn it into jewellery and export it it becomes infungible. Not to mention millions of other things wrong with it like being too soft and having people able to shave gold off of coins because its easy to do. Govt cant ban decentralized technology.. same reason internet flourished.