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A comment on Bitcoin and cryptocurrency prices have fallen sharply over the last few days. Parent comment

Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by unhashable on Thursday March 12, 2020 @02:12PM (#22559849)
Holding Bitcoin is not a semantic backflip. Do you hold the dollars in your bank account?

Also: gold can easily be confiscated and it has been before - https://en.m.wikipedia.org/wiki/Executive_Order_6102.

How much gold do you think you can travel with? Think the TSA would allow even $100k of gold to be carried on your person?

Given golds limited supply, why has the price been relatively stable in dollars (which are unlimited)? Because the gold market can easily be manipulated because central banks and Govs hold most of the supply and they can, and do, suppress with targeted market supply flooding.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by ColanR on Thursday March 12, 2020 @11:00PM (#22564321)
> Do you hold the dollars in your bank account?

No, we don't, which is exactly why gold is considered superior.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by unhashable on Friday March 13, 2020 @03:15AM (#22565390)
You missed the point.

Holders of gold maintain custody at risk of physical confiscation.

Holders of Bitcoin maintain custody (of the password that allows spending said Bitcoin) and are cannot he compelled one way or another. The bitcoin moves when they say so.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by ColanR on Friday March 13, 2020 @08:29AM (#22566707)
I didn't miss the point; this discussion is conflating two separate ideas of ownership: physical ownership of an item (gold, dollars in-hand), and unrestricted (unrestrictable?) use of an item (bitcoin, and to a limited extent dollars in-hand and gold).

There's four things in play in this discussion, and they each fit those ideas differently. Paper dollars in the hand, digital dollars in a wallet, gold in the hand, and bitcoin. This discussion would be over if better definitions of 'ownership' were used.

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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by ericd on Thursday March 12, 2020 @11:26PM (#22564460)
Yes, you can fly with far more than $100k in gold, iirc coin dealers do so on the way to conventions. They typically ask for a private screening.
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Re:Bitcoin and cryptocurrency prices have fallen sharply ove... by stickfigure on Friday March 13, 2020 @02:06AM (#22565135)
Would you dare try that with dark skin and/or a Latin American accent?
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