[TazeTSchnitzel]

Are you comparing Bitcoin to settlement with gold to make Bitcoin seem less inefficient? This seems like a misleading comparison, because which significant central banks still physically move gold around for settlement? Either they don't move gold or it is only moved virtually, and in either case Bitcoin is vastly less efficient.

[zallarak]

I am comparing it to settling gold in that a settlement is "final". You can reverse a credit card transaction, a bank wire, etc. You cannot reverse a Bitcoin transaction or Gold shipment without significant risk and cost.

Example that leads me to believe central banks still settle gold: https://www.bullionstar.com/blogs/ronan-manly/bank-of-englan...