Crypto lobbying is going ballistic

Re:Crypto lobbying is going ballistic by BoxOfRain on Wednesday December 08, 2021 @04:29AM (#29482708)

>I bought some crypto early on as a hedge against global politics going to shit (US, Russia or China going into proxy wars) or economics taking a dive (and governments/central banks deciding to devaluate, ...).

Genuinely asking as a newbie to this kind of thing, what's the advantage of using crypto over assets more traditionally used for this purpose such as gold?

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Re:Crypto lobbying is going ballistic by andruby on Wednesday December 08, 2021 @11:45AM (#29487022)

I think gold is also a reasonable hedge against certain instabilities.

I don't own any gold because I'd be worried about securing it. While I do have some valuables in my house, most of it is easily replaceable.

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Re:Crypto lobbying is going ballistic by stavros on Wednesday December 08, 2021 @04:31AM (#29482719)

Much easier to buy, transfer, secure, etc.

I don't think it has much use other than speculation either, but it does have advantages over gold.

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Re:Crypto lobbying is going ballistic by HPsquared on Wednesday December 08, 2021 @05:00AM (#29482908)

Crypto is something you can "physically control" like gold (through being the only person who knows the key). Unlike gold it can't be physically stolen or confiscated. It can be easily authenticated (no counterfeiting). Unlike land or shares, or other paper assets it can't be transferred without the owner's consent. You can be 100% sure you actually do hold the asset.

In a stable, law-abiding society these advantages are a bit pointless, but enough people either see the future as unstable and lawless, or currently live in unstable and lawless places, that there is market demand for crypto as a store of value.

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