What are you even comparing? Do you know that we have similar concept in Bitcoin as well? You can deposit Bitcoin into an online wallet and purchase a card from the wallet company. Then you can simply use that card to do all your daily transactions. The merchants get paid in Fiat and you spend in crypto.
i don't trust 3rd party companies to hold any of my crypto i guess. that would be my main objection to the solution you are mentioning above. they could just steal the bitcoin, or more likely go out of business and i lose all my money. or they could get hacked electronically. you can't hack gold electronically and its protected in a vault with armed guards. bitcoin is not.
I think we would still need bitcoin because in this case there is a company called glint and you trust them, with bitcoin you trust no one. With a company (glint) you are going to be at their mercy, if they do back it up that's great, if they don't back it up then it's a problem
i don't trust 3rd party companies to hold funds. Whether they hold bitcoin or gold. I've never heard of glint but they are not a government depository right? A government depository is different. I could trust something like that as far as storing gold there and using it with a debit card. But not a third party company that was not insured by the government. that's just how i see things.
Other projects offering "digital forms of real gold" are not started by the government, and their "secure warehouse" can be raided at any time. Having "Reno County State Rep. Michael Murphy backing a bill" in Kansas is much different and this will be a victory if it somehow passes.
this guy gets it! you deserve a merit good sir!
depository=custodian
.. i hope that translation explains why people still need bitcoin
i think i would rather the government holding my gold than me trying to store it at home. but i understand what you're saying. but in my view, having a trustworthy custodian who is there to manage my gold and let me spend it without any hassle and keeping my gold safe and i would like the option to be able to cash out my gold if i wanted they should be able to send me gold bars that i owned at any time. what more could you ask for? but i don't know if they would do physical delivery. maybe they could get an agreement with the us postal service to do that.
Indeed, it is an object that we can make as decoration, or as a bar, which has a very valuable value, indeed has a value whose price continues to rise over time, it can indeed be an investment for our future, if we have a lot of money saved, it is better to buy as much gold as possible, It's true that gold can't buy things, but indeed we can sell them at a high value anywhere and anytime, as long as we have gold, the price of gold will rise if the price of the dollar also rises, if we save a lot it won't make us lose money, where we need our money Just sell the gold directly to the shop, bitcoin doesn't have a form, it's just a number, but the value of that number is also high when the price of a coin rises high, and the dollar also rises, the price of bitcoin also rises, these two things we can make an investment for our future, be sure to save from now to change our lives.
