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by zzzzzzzza 3122 days ago
also much more difficult for average person or even gigantic corporation to secure than a physical good e.g. gold. And coins change over time with forks n crap, gold just stays gold.
1 comments

It's very easy to secure. Just generate a private key offline and never tell it to anyone.
Gold is very easy to secure. Just dig a hole and throw it in. Nobody will find it if you don't tell anyone about it.

Seriously! A digital key is NOT easier to secure than a physical one. If anything, it's harder.

Gold only becomes hard to store if we're talking about huge quantities

Print the key on paper and put it in a safe. How is that not easy?

Or etch the key on a piece of metal, seal it in plastic, and throw THAT in the ground, if your are that way inclined!

I don't see the difficulty.

You can do the exact same thing with bitcoin. Write the write the recovery key on a piece of paper and bury it in a box.

The advantage of bitcoin is you can encrypt it and store it offline in as many locations as you want.