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Re:Why I’m Cryptophobic by cowtools on Thursday June 30, 2022 @10:42AM (#31932959)
I think bitcoin is about as difficult to transact as gold, although in ideal circumstances cryptocurrency should be easier to transact than gold.

However, gold has a fundamentally stronger argument for its value. Gold is useful: it has unique physical and chemical properties.

Re:Why I’m Cryptophobic by anonporridge on Thursday June 30, 2022 @11:12AM (#31933490)
This strikes me as obviously untrue.

Gold is drastically more difficult to transact in than bitcoin or any cryptocurrency. Not only is it extremely difficult to create exact change to pay in gold (shaving of milligrams per dollar?) but there is zero infrastructure or education on how to verify that the gold is real. Even modern nation state banks have been fooled by tungsten cored bars of gold.

There are plenty of well established crypto apps that make receipt, verification, and conversion into your preferred cryptocurrencies or fiat currencies instant and effortless.

Re:Why I’m Cryptophobic by cowtools on Thursday June 30, 2022 @11:22AM (#31933702)
Interesting point. I don't have anything interesting to say, but maybe you should argue with this other guy: https://news.ycombinator.com/item?id=31933417