It's all true, but in practice it's difficult. And if it's very hard to use it, there's no network effect.
Nodes and wallets are a tradeoff. If you're a Goldsmith, you are your own "node". If you bui...
I'll stick to bitcoin. It depends on a comprehensive amount of different humans, universal, easily "checkable". By itself it makes it more robust.
Gold is different, there would have to be a local group of enthusiasts. And they can physichally betray you. Just need of them to do it.
Gold is different, there would have to be a local group of enthusiasts. And they can physichally betray you. Just need of them to do it.
