[i_am_dead]

1) What about gold then?

2) The Silk Road bitcoins were confiscated by police just fine. In fact Bitcoin is in some ways easier to trace and therefore confiscate. If the cops can trace a transaction to you they just apply some rubber hose cryptography.

[oleganza]

More than 90% of gold value is speculative. This all will move to Bitcoin as it's superior by all measures. Storing and transporting gold is just way too expensive. The universe wants one money: http://blog.oleganza.com/post/54121516413/the-universe-wants...

Rubber hose is more expensive than QE. You can steal one person's stash, but cannot steal from millions at once (well, you can, but it'll be too obvious and very expensive). Just watch zebras crossing the river infested with crocodiles. The fiat currency is when all zebras find themselves in the slaughterhouse.

[hcho]

>1) What about gold then?

It is more easily dividable than gold.