Again, nothing stops you from keeping gold under your bed. The reason people don’t do this is because most people don’t actually need, want, or care about having absolute control over their money. And the probability of your home being robbed is much higher than that of your bank (and the FDIC) becoming insolvent.

A government can steal your gold an outlaw it, as the US government did in 1933.

They can also try to outlaw bitcoin, but they have a bit more trouble stealing it.

> Again, nothing stops you from keeping gold under your bed.

Can I transmit my gold in any quantity that I want to anyone in the world with an Internet connection for a few dollars in fees?