Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
larry_vw_1955
on 02/04/2023, 23:24:48 UTC
True, but harder to safely store where you can easily access it, harder to spend, difficult for the average person to verify, and almost impossible for the average person to subdivide as needed to buy goods. All of this is very easy with bitcoin.
you don't need to subdivide it. just sell your gold coin or bar at the pawn shop. then go spend your money. i could say the same thing about bitcoin. difficult for the average person to verify because the average person might not even know anything about bitcoin.

Quote from: BlackHatCoiner
In addition to what o_e_l_e_o said, if you're not a goldsmith, you're about to pay lots in the verification part.
i doubt it.
https://www.amazon.com/GemOro-AuRACLE-6-24K-Platinum-Tester/dp/B00D6Q8EO4

i'm sure that every pawn shop that buys gold has some type of device like this. it's not a big cost at all. and that's not how they make their money by price gouging people on "verification".

Quote
On the other hand, verifying that you own bitcoin is free.
well, if you can find someone that has a computer connected to the internet and who understand how bitcoin works, maybe it is.