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A comment on Dogecoin's inventor looks to the past for insight into the future. Parent comment

Re:Dogecoin's inventor looks to the past for insight into th... by stale2002 on Friday January 12, 2018 @12:45PM (#16134712)
What if someone comes to your house and steals your gold bars in a vault?

That's the same thing as stealing your Bitcoin.

If my private keys are in cold storage in a vault, it isnt any easier to steal that, than if my Bitcoin was instead gold bars.

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Re:Dogecoin's inventor looks to the past for insight into th... by jedberg on Friday January 12, 2018 @12:49PM (#16134746)
Gold bars in a vault are at least something of value, and not just bits on a drive. The physical gold can be used to make things. What can you do with the bits on a drive?
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Re:Dogecoin's inventor looks to the past for insight into th... by astrange on Friday January 12, 2018 @07:59PM (#16137617)
That's not the reason gold is a popular reserve. It's just hard to inflate, and we've decided to pretend it's valuable because the alternative would be inconvenient. Like Amazon shares and the concept of web advertising.
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Re:Dogecoin's inventor looks to the past for insight into th... by sharemywin on Friday January 12, 2018 @01:02PM (#16134845)
That argument could be made for any intellectual property and it would be wrong.
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