Quote from: ulhaq on December 12, 2017, 10:26:04 PM

Quote from: fatalbert on December 12, 2017, 09:16:05 PM

I think BTC core would work better than gold as a store of value on the simple principle its divisible and can travel over the internet in 10 minutes vs. gold.

But this can be easily done with gold, and people are working on it now:
https://digix.global/dgd/

So in the near future there will be the ability to send gold over the internet in 10 minutes and it is divisible.

I could see that as small niche.

The problem with that is you don't have control of the gold, it has to be insured, it has to have storage cost. So theoretically, say gold stayed $1,000 and never moved, eventually that contract aka your gold would be worth $0 due to years of fees. Costs lots of money to store physical gold and insure it.

But that could be a great stable payment system/coin. Low volatility and not meant for store of value but 1 year or less type thing. aka checking account.