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A comment on MtGox.com is offline. Parent comment

Re:MtGox.com is offline by pjc50 on Tuesday February 25, 2014 @03:34AM (#7296362)
If you do that, you need to store it on your own premises and hand-deliver it. You can't do internet transactions that way. Crucially you can't do credit, which is a practical requirement of most business.
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Re:MtGox.com is offline by tlrobinson on Wednesday February 26, 2014 @02:34AM (#7303536)
My question wasn't suggesting gold was a good form of money, I was trying to understand why people believe all money requires a "trusted 3rd party".

Anyway, Bitcoin does not require a trusted 3rd party any more so than gold does.

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