The point of this comment was to debunk how Bitcoin is a good store of value. Gold is great in that aspect because the unique color, density, and stability make it trivial to identify, which gives it has immense strategic importance. This is why nations hold much more of it in reserve than they would need from industrial applications.
This comment of mine explains why I think Bitcoin is not a good form of money. Transferring wealth may be the most important function, but it's far from the only one.
https://news.ycombinator.com/item?id=26319657
The article is certainly interesting. Unfortunately, the main source of inconsistencies with ledgers comes from human factors rather systemic ones. Fat finger errors, identity theft, credit card chargebacks, and fraud are all inconsistencies created by humans and can only be resolved through trusted centralized authorities.
This comment of mine explains why I think Bitcoin is not a good form of money. Transferring wealth may be the most important function, but it's far from the only one. https://news.ycombinator.com/item?id=26319657
The article is certainly interesting. Unfortunately, the main source of inconsistencies with ledgers comes from human factors rather systemic ones. Fat finger errors, identity theft, credit card chargebacks, and fraud are all inconsistencies created by humans and can only be resolved through trusted centralized authorities.