Quote from: Cookdata on August 13, 2024, 07:46:22 PM

I don't find it fancy to move gold from one place to another and because it's heavy again, you have to be security conscious about it anywhere you are unlike Bitcoin that you can hold $1B worth of Bitcoin with you anywhere and nobody will ever know you possess such amount of Bitcoin, your privacy is covered and your asset is covered but when you hold gold, you risk everything about it. Anybody can even come to your house and take it away except if you made the deposit in a safe in bank.

Portability is one of great attributes of Bitcoin compares to gold and other assets. There are detailed explanations on Bitcoin attributes of store of value.

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with Bitcoin, once you are given 6 comfirmation in your wallet, you are good to go.

1 or 2, 3 or 6 confirmations or even more confirmations, it's up to value of the transaction, the trade and your deal with trade partner. If value of a trade is big, you will have to wait for more than 6 confirmations or split the payment into some different transactions than only one transaction.

When you make one transaction only, risk of mistake and lose money is big than make 2 or 3 transactions and lose all money by making mistake in all 2 or 3 transactions.

How many Bitcoin confirmations is enough?