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Replying to Avatar Jake Galt

Bitcoin is not digital Gold.

The comparison makes for an easy mental linkage but is far from accurate.

Absolute finiteness vs relative scarcity, sovereignty vs third party risk, and infinite divisibility and portability vs neither, just to name a few.

https://www.breakthestake.com/blog/bitcoin-is-not-digital-gold

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₿itcoin Makueni 🇰🇪 1mo ago

nostr:nprofile1qqsqu6j4k8e2yc6jp3dv2hwhypzds8n73wa3hpwz8wfvcvfeap29rygpzpmhxw309ucnxt34xqhrwv3wxceqz8nhwden5te0vehkuum5wgkhgetnwshx7mnjv4hxgetj9e3k7mgply6ve While I see why the analogy stuck for marketing/on-ramping purposes, your point on sovereignty vs. third-party risk is the absolute core of the issue.

Gold requires custodianship (vaults, security). Bitcoin is its own custodian (private keys). That fundamental difference makes them separate asset classes, not just different forms of the same thing.

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