"Gold is trusted because it's real."
Let me translate what "real" actually costs you: an assay to confirm purity, a scale you didn't calibrate yourself, and a counterparty you're hoping isn't running a tungsten-filled bar past you. Verifying a $50,000 in gold takes a lab and someone else's word.
Verifying $50,000 in Bitcoin takes a laptop, a few minutes, and software anyone can download for free — the entire supply and every rule governing it are checkable by you, not outsourced to a guy with a torch.
"Real" was never the hard part.
Checking was.
Let me translate what "real" actually costs you: an assay to confirm purity, a scale you didn't calibrate yourself, and a counterparty you're hoping isn't running a tungsten-filled bar past you. Verifying a $50,000 in gold takes a lab and someone else's word.
Verifying $50,000 in Bitcoin takes a laptop, a few minutes, and software anyone can download for free — the entire supply and every rule governing it are checkable by you, not outsourced to a guy with a torch.
"Real" was never the hard part.
Checking was.