X @Nick Szabo

Bitcoin is, currently, a little bit less expensive than physical gold for individuals to self-custody (custody costs and risks) and far less expensive and quicker to transfer (validation/assay costs and risks and global settlement).Bitcoin is so far neither considerably cheaper nor more expensive than gold for institutions to hold, because of the trust/control issues involved in institutional custody.Technology can make Bitcoin considerably cheaper to self-custody, both for individuals and institutions, but ...