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If you know Gemscool, I'm sure you're one of the Point Blank players who exchanged Bitcoin for Gemscool vouchers, lol we're from the same generation as the "anak warnet" but back then I didn’t understand Bitcoin, but I heard that many of my seniors exchanged Bitcoin just to buy Gemscool vouchers. However, after the price of Bitcoin rose so high, many PB players regretted exchanging their Bitcoin at that time... there was even someone who exchanged 3,000 Bitcoin just for a Gemscool voucher, and he still regrets it to this day.
But that’s how it is, there’s no point in regretting the past. It’s much better to learn from it and start investing in Bitcoin today. You don’t need to wait until you’re a complete expert, just understand the basics first, there are many threads here that you can read, and when you’re ready, you can invest using your discretionary income.
Yes, that's right, Gemscool, I was also a Point Blank player at that time, "internet cafe kid", yeah, maybe at that time I was still very young for my age, so I didn't understand about finances, let alone managing them, I just wanted to have fun.But that’s how it is, there’s no point in regretting the past. It’s much better to learn from it and start investing in Bitcoin today. You don’t need to wait until you’re a complete expert, just understand the basics first, there are many threads here that you can read, and when you’re ready, you can invest using your discretionary income.
unlike most of us who tend to buy bitcoin during its dips, Michael Saylor has a different strategy. strategy buys over 3,000 bitcoins again despite bitcoin declining. but their purchases for this month actually is lackluster compared to their previous purchases during previous months.
“I’m going to be buying the top forever. Bitcoin is the exit strategy,” the Strategy co-founder said in 2024.
knowing this strategy, do you still feel more compelled following strategy's bitcoin purchases? is Michael saylor concerned about something other than maximizing his bitcoins? perhaps the reputation of his company is still on the line and he has to protect the confidence of his investors hence why he only buys when bitcoin is doing well.
while strategy is admirable for continuing to buy bitcoin, we individuals should not be following strategy if they tend to buy bitcoin at its peak. now that bitcoin is declining now is the time to accumulate the most bitcoins as you can again.
Yes, that's right, I totally agree with you, considering that everyone's economy is different, maybe when we have sufficient or even excess finances we can follow this strategy, but if we are just barely enough, we definitely have to pay in installments or even buy when the price is low, to meet primary needs first, I once made a review about buying bitcoin for people who are able (rich) or people who are not, you can see it here “I’m going to be buying the top forever. Bitcoin is the exit strategy,” the Strategy co-founder said in 2024.
knowing this strategy, do you still feel more compelled following strategy's bitcoin purchases? is Michael saylor concerned about something other than maximizing his bitcoins? perhaps the reputation of his company is still on the line and he has to protect the confidence of his investors hence why he only buys when bitcoin is doing well.
while strategy is admirable for continuing to buy bitcoin, we individuals should not be following strategy if they tend to buy bitcoin at its peak. now that bitcoin is declining now is the time to accumulate the most bitcoins as you can again.
Quote
If someone says that Bitcoin is only for the rich, I think that's just a perception of the people who judge it. Often, the media only highlights wealthy individuals like billionaires or celebrities when they buy large amounts of Bitcoin, giving people the impression of exclusivity. Furthermore, during times of network congestion, transaction fees can be very high, making even small transactions seem unreasonable.
But in my opinion, and perhaps most people's, Bitcoin is neutral, meaning anyone can own it—whether it's the wealthy seeking to protect their assets or the lower classes needing a way to store value without fear of inflation. The rules remain the same: you don't have to buy a full 1 BTC; you can start with a very small fraction, even thousands of satoshis. So, it's clear that Bitcoin isn't just for the rich, but for everyone, depending on how the community or individual adopts it.
But in my opinion, and perhaps most people's, Bitcoin is neutral, meaning anyone can own it—whether it's the wealthy seeking to protect their assets or the lower classes needing a way to store value without fear of inflation. The rules remain the same: you don't have to buy a full 1 BTC; you can start with a very small fraction, even thousands of satoshis. So, it's clear that Bitcoin isn't just for the rich, but for everyone, depending on how the community or individual adopts it.
Someone said that Bitcoin is for the rich, but that's not completely true. It might feel like Bitcoin is for the rich due to the media focuses on celebrities and billionaires buying and benefiting from Bitcoin. This creates a perception that Bitcoin is a rich person's asset. Even during network congestion, fees can spike making small transactions very expensive. But let's not forget that Bitcoin is neutral, it can empower the rich or help lift the poor, it actually depends on how communities adopt it. So understand that Bitcoin is for everyone, you can buy tiny fractions, not until you afford a whole Bitcoin.
If someone says that Bitcoin is only for the rich, I think that's just a perception of the people who judge it. Often, the media only highlights wealthy individuals like billionaires or celebrities when they buy large amounts of Bitcoin, giving people the impression of exclusivity. Furthermore, during times of network congestion, transaction fees can be very high, making even small transactions seem unreasonable.But in my opinion, and perhaps most people's, Bitcoin is neutral, meaning anyone can own it—whether it's the wealthy seeking to protect their assets or the lower classes needing a way to store value without fear of inflation. The rules remain the same: you don't have to buy a full 1 BTC; you can start with a very small fraction, even thousands of satoshis. So, it's clear that Bitcoin isn't just for the rich, but for everyone, depending on how the community or individual adopts it.
One day banks will accept Bitcoin as medium of exchange and accept deposits from bitcoiners. As soon as the world powers accept it as medium of exchange.
Why would you want to send your Bitcoin to a bank when Bitcoin was literally created to work without banks and third parties? 
Even if they start accepting Bitcoin they would not allow you to withdraw whenever you want, they would charge additional fees, they would force you to use their ''approved'' wallet, and other crap like that.
I personally never liked Brave browser because it contradicts itself.
They talk about privacy and tracker protection and ad blocking a lot but they go ahead and add features that shows users advertisements and tracks them and they even have an anti-privacy thing through KYC (for brave reward thing which I think was BAT token or something like that).
That's against their core ethos.
In addition, you should generally avoid using a hot wallet as much as you can. And if that hot wallet is through the browser then it is even riskier to use.
And finally I should mention that in my opinion since we already have a good alternative called Firefox for privacy and ad blocking, etc. I don't see any reason to use Brave.
The feedback is excellent. I do find Brave helpful because many websites often display annoying pop-up ads. Another reason I use it is that when we watch YouTube videos, Brave automatically displays ads without requiring us to use YouTube Premium. For simple things, I feel Brave is still safe and relevant.They talk about privacy and tracker protection and ad blocking a lot but they go ahead and add features that shows users advertisements and tracks them and they even have an anti-privacy thing through KYC (for brave reward thing which I think was BAT token or something like that).
That's against their core ethos.
In addition, you should generally avoid using a hot wallet as much as you can. And if that hot wallet is through the browser then it is even riskier to use.
And finally I should mention that in my opinion since we already have a good alternative called Firefox for privacy and ad blocking, etc. I don't see any reason to use Brave.
Regarding @Pooya87, I also agree with you regarding data security and its internal security cycle.
The experience I've shared is probably only for simple use. Regarding coins, I only know that they exist and can be used there. Thank you also for your advice and warnings. I am very grateful.
I'd like to remind you that I'm not affiliated with or affiliated with any of the browsers I'm recommending, but rather a user sharing my experiences with you. The browser I mentioned is Brave Browser, which is quite relevant for accessing Bitcoin because it already blocks ads and trackers and supports private connections compared to Tor, making it safer to access crypto exchanges, wallets, or forums. Furthermore, Brave has a built-in wallet that supports Bitcoin, although it's more suitable for beginners, especially for light use. However, when you need high-level privacy and large asset storage, it's still safer to use Tor Browser or a dedicated Bitcoin wallet, or even a paid version of Bold. I use the free version.
The best part of the convenience I find is the automatic blocking of ads and trackers, which can sometimes be annoying while browsing.
You can see it here https://brave.com/
Some dude asked me if Bitcoin could eliminate local banks, I thought of it,
I told him that no
From my own point of view, banks have alot to give more than just money transfers, they offer loans and mortgage, business banking services, costumer service and dispute resolution. So this banks are really doing a good job and I don't think they can be eliminated soon. Bitcoin is not widely used for dally payments yet, so volatile prices makes it difficult to use as a stable currency
I hope I made a good point there
I actually feel that if we look at the technical aspects, Bitcoin has many advantages that could rival banks, such as decentralization which can make it censorship-resistant, global transactions that are very possible to be done without intermediaries, and with a layer-2 system like the lighting network, the use of fees and speed in the transfer process also makes it more efficient, so that's why in my opinion, yes, this is also my analysis of its development if it is widely adopted, it is very possible that Bitcoin will replace the basic function of banks as a store and sender of value, but this is only my argument and analysisI told him that no
From my own point of view, banks have alot to give more than just money transfers, they offer loans and mortgage, business banking services, costumer service and dispute resolution. So this banks are really doing a good job and I don't think they can be eliminated soon. Bitcoin is not widely used for dally payments yet, so volatile prices makes it difficult to use as a stable currency
I hope I made a good point there
How Bitcoin's technical evolution impacts the modern economy
I believe that sometime in the future, perhaps within the next 5-10 years, Bitcoin's role will begin to shift from being merely a speculative instrument to becoming a decentralized financial infrastructure. At the protocol level, this efficiency will increase through the adoption of taproot and layer-2 optimizations, perhaps like the Lightning Network, which will open up opportunities for low-cost, real-time transactions and potentially global scale. Modern integrated payments, open APIs, and user-friendly non-custodial wallets will make Bitcoin more compatible with the needs of the digital economy.
On the other hand, the influx of institutional capital through ETF and custodial platforms will strengthen Bitcoin's position as a digital store of value, in line with the current trend of asset tokenization and the penetration of CBDC. And network resilience is supported by node decentralization, increasing hash rates, and flexible market-based transaction fees.
As someone who enjoys analyzing and studying technology, I feel that these dynamics, along with the ever-evolving regulations, have led me to believe that Bitcoin has great potential not only as digital gold, but also as a foundational layer for transactions, value settlement, and global financial innovation.
what do you think about it?
On the other hand, the influx of institutional capital through ETF and custodial platforms will strengthen Bitcoin's position as a digital store of value, in line with the current trend of asset tokenization and the penetration of CBDC. And network resilience is supported by node decentralization, increasing hash rates, and flexible market-based transaction fees.
As someone who enjoys analyzing and studying technology, I feel that these dynamics, along with the ever-evolving regulations, have led me to believe that Bitcoin has great potential not only as digital gold, but also as a foundational layer for transactions, value settlement, and global financial innovation.
what do you think about it?
All these on Bitcointalk in 2025
https://bitcointalk.org/index.php?topic=5549172.0
https://bitcointalk.org/index.php?topic=5546745.0
https://bitcointalk.org/index.php?topic=5541575.0
Also people keep on asking the same or similar question about bitcoin about quantum computing. Did you know that even the banks and many organizations will be affected by quantum computers?
Just do not reuse bitcoin address and you will not be affected.
I strongly agree that Bitcoin security will continue to be developed as time goes by, considering that people's enthusiasm for investing in Bitcoin is very large and continues to grow, and I also predict that in the future the use of Bitcoin will become more massive and targeted.https://bitcointalk.org/index.php?topic=5549172.0
https://bitcointalk.org/index.php?topic=5546745.0
https://bitcointalk.org/index.php?topic=5541575.0
Also people keep on asking the same or similar question about bitcoin about quantum computing. Did you know that even the banks and many organizations will be affected by quantum computers?
Just do not reuse bitcoin address and you will not be affected.
The rapid development of overlay computing today has become a concern for users of classical cryptographic algorithms like Bitcoin, particularly the Elliptic Curve Digital Signature Algorithm (ECDSA). I believe this algorithm would be easily cracked using overlay algorithms like Shor's. This ultimately raises the question of Bitcoin's future security. Ultimately, while I'm confident developers and others will implement appropriate security measures,
So, how do we address quantum computing threats with the ECDSA algorithm that will be used in Bitcoin?
So, how do we address quantum computing threats with the ECDSA algorithm that will be used in Bitcoin?
Re: What if Bitcoin block rewards suddenly stopped tomorrow?
It cannot happen because there is a protocol being enforced by the full nodes as part of the decentralized network and in that protocol the block subsidy is clearly defined and it cannot suddenly "stop" without performing a hard fork to change the protocol first. And that's not happening either.
Technically, Bitcoin can't suddenly lose its mining reward without a major protocol change. The block subsidy is embedded in the Bitcoin consensus itself: it decreases by 50% every 210,000 blocks (halving) until it reaches near zero in 2140. You can find the reference here: https://en.bitcoin.it/wiki/Controlled_supply?utm_ This rule is also fully enforced by fullnodes. When a miner creates a block with a different reward, the network automatically rejects it.
Furthermore, in a thread created by Satoshi, who initially designed this incentive to gradually shift from block subsidies to transaction fees, you can also see it here from @satoshi .
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Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.
This is why the Bitcoin consensus is so conservative, making a hard fork to change the reward type virtually impossible.Hello, community! I'm new to Bitcoin self-custody and would like some help to better understand some issues.
I currently use the Bipa app to buy Bitcoin BTC and then transfer it to my personal wallet (BlueWallet), as I believe that "neither your keys nor your coins". However, with the new 17% tax rule on cryptocurrency profits in Brazil, I'm concerned.
My questions are:
Self-custody vs. Taxation: Does keeping BTC BTC in my own wallet really protect me from being tracked by the IRS?
Legal strategies: Are there ways to not declare or structure transactions to reduce impacts, since the government already collects a lot of money and it all goes to politicians' pockets?
Privacy: Should I migrate to wallets like Wasabi or Samourai (CoinJoin) to increase anonymity?
I appreciate any guidance or experience you can share!
1. Self custody is a way to protect account ownership (bitcoin), not a tax obligation. While many people store Bitcoin in personal wallets that allow them full control and access to the assets, this doesn't exempt you from tax, even though your country may have recently lifted the tax cap. You can read about it here: https://www.ccn.com/education/crypto/brazil-crypto-tax-explained/?utm_I currently use the Bipa app to buy Bitcoin BTC and then transfer it to my personal wallet (BlueWallet), as I believe that "neither your keys nor your coins". However, with the new 17% tax rule on cryptocurrency profits in Brazil, I'm concerned.
My questions are:
Self-custody vs. Taxation: Does keeping BTC BTC in my own wallet really protect me from being tracked by the IRS?
Legal strategies: Are there ways to not declare or structure transactions to reduce impacts, since the government already collects a lot of money and it all goes to politicians' pockets?
Privacy: Should I migrate to wallets like Wasabi or Samourai (CoinJoin) to increase anonymity?
I appreciate any guidance or experience you can share!
2. The safest strategy, legally speaking, is to hold Bitcoin itself, possibly for the long term.
3. Privacy wallets, such as Wasabi or Samourai, can actually increase anonymity, but they are not a solution for tax avoidance. There is a lot of controversy surrounding this, which you can read about here: https://arxiv.org/abs/2109.10229?utm_
Yes, that's right. I'm currently saving using the DCA method, but I haven't yet dived directly into Bitcoin. So, after joining this forum, my knowledge and expertise in Bitcoin has increased, making me interested in investing in Bitcoin, considering the significant development and progress of Bitcoin, especially in this current era. Maybe those who initially saved using the DCA method with money are also interested in doing the same for Bitcoin.
“For those with low salaries who must spend all their time earning it, how can they build a better future?”
There are actually ways to achieve this, one of which is to strengthen discipline in managing expenses, even though they may be very limited. Take advantage of existing opportunities and continue learning, especially regarding technological developments. Learning can come from anywhere, through collaborative spaces and mutually reinforcing communities, which ultimately can change people's mindsets in the long run.But we must admit that struggling to start over from all the shortcomings is not easy. It requires a very strong spirit of resilience, and a willingness to learn and seize even the smallest opportunity.
Bitcoin was not that popular in 2011, but if your story is true, it sounds like Laszlo who bought a pizza with Bitcoin. Op You are playing games with Bitcoin, but if you keep a small amount of water that has fallen on the seat for yourself, you could be financially independent in the present.
But you will not shed any tears over what is past, but you can associate yourself with Bitcoin holding by following the DCA method in the present. Because whatever you earn, excluding the basic expenses of the family, with the extra money that you have, you can follow the DCA method regularly, of course you can be financially independent in the future, even if it is a small amount. Until you have one Bitcoin, you will not stop investing according to the DCA method, you will continue to invest according to the DCA method.
There are many people who experienced the same thing, exchanging good amount of bitcoin for games, etc.But you will not shed any tears over what is past, but you can associate yourself with Bitcoin holding by following the DCA method in the present. Because whatever you earn, excluding the basic expenses of the family, with the extra money that you have, you can follow the DCA method regularly, of course you can be financially independent in the future, even if it is a small amount. Until you have one Bitcoin, you will not stop investing according to the DCA method, you will continue to invest according to the DCA method.
At this point I will just move on though and invest in bitcoin again and I've been doing exactly that even before BTC reached $60k in this cycle and guess what I feel relieved knowing I just remade my opportunity.
I know the pain of missing out the chance of becoming millionaire would make us bitter and salty as heck but there's nothing we can do about it except accumulate.
So where do you want us to help you from? How much Bitcoin did you accumulate from these faucets and how much is left after playing the Gemscool game, you didn't fill that part in? Are you regretting that instead of playing that game you should have put all the Bitcoin into investment? If that's the case then there's no need to beat yourself up cause it has already happened and it's no use crying over spilled milk. The best thing to do now that you feel enlightened and know better about the importance of investment, is to further gain more knowledge about Bitcoin because it's one thing to be enlightened and another to fully know the nitty gritty of investing cause if I'm being honest, it takes a lot of patience and an ability to bear risks to be able to involve oneself in Bitcoin.
After you must have equipped yourself with that knowledge from carrying out research, you can start buying little fractions of Bitcoin, depending on how much you want to start with and go on from there. One thing I know about Bitcoin is that the market won't stop being volatile just to accommodate or ease the minds of fearful of reluctant investors. The key is to be determined and start from somewhere.
After you must have equipped yourself with that knowledge from carrying out research, you can start buying little fractions of Bitcoin, depending on how much you want to start with and go on from there. One thing I know about Bitcoin is that the market won't stop being volatile just to accommodate or ease the minds of fearful of reluctant investors. The key is to be determined and start from somewhere.
I slowly learned a lot about the mechanisms and workings of investment, especially the security aspects.
Back in the faucet days, I was still too young and didn’t really understand account security and related matters. That’s why I didn’t have a valid personal email at the time, I only used it for fun, mostly just to purchase items in online games.
I do agree that a good idea or plan is one that is carried out, not merely kept in our thoughts.
Re: Avoid buying Bitcoin from someone all because you know them.
Is there any local news that talked about it? I will like to read from a site about it.
This is very possible.
But the reason I do not like face to face sales of bitcoin is that it can lead to physical attack. We have read on different news about different people that were physically attack all because those that attacked them know that they have bitcoin. Attack can come from anywhere, even from someone that you will not expect.
This is very possible.
But the reason I do not like face to face sales of bitcoin is that it can lead to physical attack. We have read on different news about different people that were physically attack all because those that attacked them know that they have bitcoin. Attack can come from anywhere, even from someone that you will not expect.
I agree with this argument. As a reference, in my country there was indeed a case—not with Bitcoin, but with other altcoins—using the same pattern of transactions without an exchange, which eventually led to fraud. You can read the news here:
https://news.detik.com/berita/d-7831308/tipu-90-orang-sindikat-scam-kripto-internasional-beraksi-lewat-iklan-di-fb?utm_
I also agree with the saying that goes, “Hair may be equally black, but who knows one’s heart.” It implies that anyone can be anything; what we consider good may not be seen as good by others, and vice versa, what others see as good may not necessarily be good in our own view.
I'm a new user on this forum, and when I joined and actively read and learned about Bitcoin, I finally realized and was enlightened, even regretting it.
I want to share my experience. Whether someone has already discussed it on this forum or not, I don't understand it. I'm not promoting anything, just sharing my experience. Between 2009 and 2011, I was actively surfing the internet on public internet services. At that time, during the early days of Bitcoin's launch, there were many faucet websites giving away Bitcoin, and I was one of those who received it. At the time, I was also very young and didn't understand what investing, let alone Bitcoin, was. So, I ended up exchanging the Bitcoins I collected, whether from referrals or websites, on Gemscool, an online gaming website, due to my lack of understanding of investing at the time.
Now, when this is booming and big, regret always comes at the end, because if it's at the beginning, it's called registration.
In this regard, when I joined this forum, I felt enlightened and gained insight into the importance of investing and the movement of Bitcoin. I also believe that Bitcoin will eventually become a benchmark or a standard for modern investment.
Thank you. Please provide guidance, assistance, and direction.
I want to share my experience. Whether someone has already discussed it on this forum or not, I don't understand it. I'm not promoting anything, just sharing my experience. Between 2009 and 2011, I was actively surfing the internet on public internet services. At that time, during the early days of Bitcoin's launch, there were many faucet websites giving away Bitcoin, and I was one of those who received it. At the time, I was also very young and didn't understand what investing, let alone Bitcoin, was. So, I ended up exchanging the Bitcoins I collected, whether from referrals or websites, on Gemscool, an online gaming website, due to my lack of understanding of investing at the time.
Now, when this is booming and big, regret always comes at the end, because if it's at the beginning, it's called registration.
In this regard, when I joined this forum, I felt enlightened and gained insight into the importance of investing and the movement of Bitcoin. I also believe that Bitcoin will eventually become a benchmark or a standard for modern investment.
Thank you. Please provide guidance, assistance, and direction.
1. Bitcoin is a neutral asset
2. Bitcoin is a store of value
In a nutshell, those are the two most important properties to describe bitcoin.
It's what distinguishes bitcoin from any other crypto and makes it totally unique
from anything else IMO. When someone asks me why I invest in bitcoin, that is what I tell them.
It makes it easy for most people to understand IMO, to boil it down to those two simple points.
What makes bitcoin a neutral store of value?
1. Bitcoin is truly decentralized, meaning no person or small group of persons
can unilaterally control it.
2. Unlike fiat and all the countless millions of shitcoins out there, bitcoin cannot be printed out of thin air.
3. Unlike fiat and all the shitcoins, it wasn't made to enrich its creator (Satoshi never profited from bitcoin).
4. Unlike ethereum, bitcoin does not have an unlimited and endless supply.
Comparison to Gold
1. Gold can also be a good neutral asset and store of value. But unlike bitcoin,
you can't send and receive gold very easily. Delivering gold through the mail is very risky.
2. To buy and sell gold, you have to travel to a gold exchange. Depending where you live,
you may not have one nearby. You have to physically transport the gold, which is a security risk.
3. Storing gold in your house is no better than storing large amounts of cash.
Banks do not normally accept gold as a deposit, so you just have to store it in your house.
That is a major security concern. Bitcoin solves the self-custody security problems of gold and cash.
4. Buying and selling larger amounts of gold can be a challenge. You always worry if you are
buying real or counterfeit gold, and verifying its authenticity isn't always easy.
5. Bitcoin is used for digital payments, and adoption as a payment method is growing.
Gold is not convenient as a payment method, and hasn't been used as a medium of
exchange for hundreds of years, at least not in the modern world.
6. Unlike bitcoin, gold is not easily verifiable. A government can tell you it has two thousand tons of gold.
But that claim is impossible to verify without you being there in person to see it for yourself.
Which the government will never let you do. And even if they did you won't know if the gold bars
are actually solid gold or just gold-plated. This is a problem with gold all over the world including the US
which has not provided proof of its reserves in decades, despite orders from the courts and Congress to do so.
They just simply ignore it.
Bitcoin is just a better version of gold.
2. Bitcoin is a store of value
In a nutshell, those are the two most important properties to describe bitcoin.
It's what distinguishes bitcoin from any other crypto and makes it totally unique
from anything else IMO. When someone asks me why I invest in bitcoin, that is what I tell them.
It makes it easy for most people to understand IMO, to boil it down to those two simple points.
What makes bitcoin a neutral store of value?
1. Bitcoin is truly decentralized, meaning no person or small group of persons
can unilaterally control it.
2. Unlike fiat and all the countless millions of shitcoins out there, bitcoin cannot be printed out of thin air.
3. Unlike fiat and all the shitcoins, it wasn't made to enrich its creator (Satoshi never profited from bitcoin).
4. Unlike ethereum, bitcoin does not have an unlimited and endless supply.
Comparison to Gold
1. Gold can also be a good neutral asset and store of value. But unlike bitcoin,
you can't send and receive gold very easily. Delivering gold through the mail is very risky.
2. To buy and sell gold, you have to travel to a gold exchange. Depending where you live,
you may not have one nearby. You have to physically transport the gold, which is a security risk.
3. Storing gold in your house is no better than storing large amounts of cash.
Banks do not normally accept gold as a deposit, so you just have to store it in your house.
That is a major security concern. Bitcoin solves the self-custody security problems of gold and cash.
4. Buying and selling larger amounts of gold can be a challenge. You always worry if you are
buying real or counterfeit gold, and verifying its authenticity isn't always easy.
5. Bitcoin is used for digital payments, and adoption as a payment method is growing.
Gold is not convenient as a payment method, and hasn't been used as a medium of
exchange for hundreds of years, at least not in the modern world.
6. Unlike bitcoin, gold is not easily verifiable. A government can tell you it has two thousand tons of gold.
But that claim is impossible to verify without you being there in person to see it for yourself.
Which the government will never let you do. And even if they did you won't know if the gold bars
are actually solid gold or just gold-plated. This is a problem with gold all over the world including the US
which has not provided proof of its reserves in decades, despite orders from the courts and Congress to do so.
They just simply ignore it.
Bitcoin is just a better version of gold.
That's right, I call bitcoin digital gold, because it has fantastic value, but is neutral and efficient, both in terms of delivery, security, storage, but also volatility and perhaps the development time of bitcoin from its first launch until today is still very short, it still needs enough time to replace gold as a storage, but I also personally believe, in the future the use of bitcoin can be maximized completely, considering the advancement of technology, AI, digital transactions today are all related, which does not rule out the possibility that people in the future will flock to save, even invest in bitcoin