X @Nick Szabo

RT Nick Szabo (@NickSzabo4)Over-reliance on certain developers has brought some risk, a fixable problem. One of the key factors you're missing is that gold is far more expensive to validate (assay, in gold lingo) than Bitcoin. This has made gold inefficient for payments outside of gold coins (where you're trusting the issuer to not debase, a trust that has often been violated -- and of course gold IOUs, ETFs, etc. are even worse in that regard). Another key factor is Bitcoin's ability to settle global payme ...