their crypto? One person could theoretically take everything
Fair. But we are assuming the software will be updated indefinitely to stop that from happening. Let's say BTC does get hacked and everyone loses everything, they will just fork a new chain to revert it to the same state before the hack
Everyone will now accept this is the legit btc
I mean specifically an insider hack, or aggressive nation hack to steal the funds.
That's true. Well it sucks for gold that all these new reserves are being discovered, if it wasn't for that I'd say tokenizing gold with physical backed up in vault would be the way to go
Gold still requires energy to get. You clearly have never mined gold with your statements
No shit, but most of its value still relies on the fact that it's pretty fucking scarce. A gold reserve worth 13 trillion just got discovered, assuming technology keeps going exponential and mining becomes easier , the market will not value gold the same as it did
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