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by CydeWeys 3126 days ago
> The current main advantage(s) of gold over bitcoin is it's still a lot easier for the average person worldwide to acquire and sell it

I don't think this is true at all? All I have to do to acquire Bitcoin is sign up for an account at an exchange, link my bank account, and then hit the buy button. It's exactly as easy to acquire as stocks.

Contrast with physical gold, which I wouldn't know where to acquire.

2 comments

In the third world, quite a lot of people don’t have a bank account, or at least not a conventional one as we would understand them. A common alternative is M-Pesa, which is phone based, and I don’t mean smartphone: https://en.m.wikipedia.org/wiki/M-Pesa
It's very true for most people, especially in the third world. And you can do exactly what you described for e-gold as well.