Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I would say that quote is bollocks.
How many people across the world own a piece of gold jewellery or a gold coin?
Gold is far more decentralised than bitcoin (mining and coin distribution is far from decentralised)
Completely agreed.
You can't on one hand be proud of the "1 million club" explicitely telling how centralized bitcoin is, and on the other hand saying that's it's more decentralized than gold.
Gold is everywhere, everyone owns a bit of it.
People own much more gold than cryptos on average I'd dare say.
And btw gold has a real world pragmatic usage, something that bitcoin doesn't.