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by amanaplanacanal 2665 days ago
> Bitcoin is your last resort payment method/store of value

This is what people have traditionally held gold for. It feels to me like there are very few use cases that aren't already served by physical gold.

1 comments

You can't use gold online in an trust-minimized way. One counterexample are industries with high chargeback/fraud rates. Bitcoin is perfect for merchants exposed to friendly fraud, it completely removes the leverage customers have over them.
But accepting only Bitcoin is hardly an option even for those merchants.