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by telomero22 1592 days ago
There are numerous other ways to sell your bitcoin, p2p exchanges, pay online via bitcoin, OTC and 20 other ways.

Gold is very traceable, because it leaves a trail of people behind. It's very heard to disconnect your identity from your gold sale, because you have to make that sale in person, so there are always witnesses, cameras, paper trails.

If you want to put in a middle man, you also need to know him to trust him not to run away with the gold and he becomes a liability, because he knows your identity.

That's why this is the maximum fungability you get, be it with bitcoin or gold, none of the two have the upper hand here.

1 comments

Doesn’t matter if there are other ways if all the mainstream exchanges won’t take the coin. That’s exactly what being “tainted” means. Those coins are forever less desirable.

And no, I don’t see how you can compare gold being “traceable” through detective work, to a ledger that literally stores every transaction in history, publicly.