Re:Bitcoin is not a store of value
by cowtools on Monday September 19, 2022 @03:00AM
(#32895175)
This is a very critical point!
But surely the gold-owner would have to cash out some of their gold to pay the guard in cash? Does it make a difference if he pays the guard in gold and then lets the guard cash it out?
Re:Bitcoin is not a store of value
by lottin on Monday September 19, 2022 @03:31AM
(#32895388)
The owner would buy less gold, i.e. the gold they intended to buy minus the cost of securing it, but they don't have to sell gold. Buying less of something and selling an equivalent quantity of it is not equivalent.
But surely the gold-owner would have to cash out some of their gold to pay the guard in cash? Does it make a difference if he pays the guard in gold and then lets the guard cash it out?