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Wouldn't gold's physical nature be a real weakness because it could cause a "centralization in vaults" problem? How much gold can an individual legally own and store in your homes in your country?
Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.
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There is no restriction for an individual to own any specific amount of gold, it is purely our choice however as per the new rules in my country we need to maintain accurate income statements even for the gold we possessed.
Then there is Bitcoin. It is virtual, and it opens a world of private key ownership, and therefore, true sovereign ownership of private property which governments cannot control.
Quote
To purchase bitcoin we need FIAT so few bankers are investigating the customer accounts dealing with bitcoin transactions and restricting those accounts from use. Even if the ban is implemented in a country always there was various ways to execute bitcoin transactions and banking system is worried if investors are prioritizing crypto currencies that turns a negative sign for country revenue.
