Went to buy beer at my local liquor store last night and they had a new sign - pay with Bitcoin. Blew my mind. This is an old, fairly small store.
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Rhetorical question to show how retarded the "backed by" argument is.
Raw material, yea there's a pretty good point. You know a computer right, that's also made out of raw material, including some gold. Yes I know, one computer is pretty vulnerable compared to a gold bar, but what if we had 1000 computers, or 10 000 computers, all holding a full copy of the blockchain?
Gold is far better than fiat, but you still cannot back it up, you can't hide it easily if you have large volumes, you can't cross a border without getting it confiscated. You can't buy cheap stuff easily once gold becomes highly valuated. All that is possible with crypto.
So what's really important? The fact that an asset is "physical", you got this idea that you must hold it in your hand, touch it regularly? Or any other reason?
Yea, you don't seem to know much about the digital world, get some gold at least to avoid getting fucked over. Stay safe.