i listened to that pod.
i must have missed that.
all i remember is him saying gold is more private than bitcoin because its value is based in itself, and transactions can occur without any record.
Discussion
He did say that part yes. But I guess my gripe is what wasn’t said - gold is private in small amounts. But once you have any significant amount, it’s no longer as private or safe.
I was disappointed that Luke has spent so much time on Bitcoin podcasts and then didn’t offer any pushback when Tucker said clearly false things like no one is working on making bitcoin private (technically he said crypto, which is even more false, but I disregard all of that).
your underlying point of not wanting to carry around and use precious metals as an every day transfer of value, especially in large amounts is well taken, and i agree.
but honestly, considering that around 900 ounces of gold can fit into the average cigar box, and the current spot price being in the $2900 range, large amounts is relative.
As for the unconfiscatability of Bitcoin, this presumes a functional legal system, and doesnt take into account people who will threaten to cut off all your fingers and kill your relatives unless you give up your private key.
Ive been into bitcoin since 2010, and use it almost daily for real world transactions.
But ive also actually lived in a place where the government and economy had completely collapsed, and recognize the value of gold(and silver).
Ya I’m not saying gold is useless, just didn’t like that Luke didn’t make a case for how bitcoin has certain advantages. But overall, I think there is a lot to like about gold.
I had no idea you had lived in a country like that, that sounds super interesting (but also I’m sure awful to live through)