Re: If Bitcoin was backed by Gold, how would it change its adoption?
I would rather have gold on deposit in a leveraged trading account than gold in my hands. I would trust 1broker.com with my gold just like I trust them with my bitcoins today.
It's scary to think that storing/hiding gold could become a risky endeavor due to US government monitoring in the near future:
Los Angeles County Sheriff's Department sent a civilian aircraft over Compton, California, capturing high-resolution video of everything that happened inside that 10-square-mile municipality
Even if you have gold in a brokerage firm, you can count on US government surveilance.
Merica is just going to go steal the gold and silver from whoever is holding it to back the crypto, zero questions asked. They use the word terroism and everything is a green light.
It's scary to think that storing/hiding gold could become a risky endeavor due to US government monitoring in the near future:
Los Angeles County Sheriff's Department sent a civilian aircraft over Compton, California, capturing high-resolution video of everything that happened inside that 10-square-mile municipality
Even if you have gold in a brokerage firm, you can count on US government surveilance.