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A comment on Three Arrows Capital reportedly facing insolvency. Parent comment

Re:Three Arrows Capital reportedly facing insolvency by datadata on Friday June 17, 2022 @08:24PM (#31786179)
The cost to store crypto is quite negliable compared to the cost to store gold.

Easy to hide a billion dollars of bitcoin on a USB stick for 10 years. Good luck storing a billion dollars of gold, you couldn't even physically move it by yourself.

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Re:Three Arrows Capital reportedly facing insolvency by gbronner on Saturday June 18, 2022 @03:42AM (#31787980)
Intergenerational wealth transfer is far from assured. A billion dollars worth of cattle could die. Gold could be stolen. Bitcoin might be irrelevant.

Wampum didn't do so well either

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Re:Three Arrows Capital reportedly facing insolvency by datadata on Saturday June 18, 2022 @09:33AM (#31789668)
Sure, I was merely commenting on the cost to physically secure the asset. Necessary (to prevent theft) but not sufficient.
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