Vitalik Buterin: These Are the Advantages of Cryptocurrencies Over Gold
Ethereum co-founder Vitalik Buterin, in response to a remark by American cartoonist Zack Weinersmith, has listed three main advantages of cryptocurrencies over gold.
The author of popular comics and books, has stated:
“So the only argument I’ve heard about cryptocurrencies that makes sense within the proponents’ own perspective is that they don’t want centralized power over money.”
According to Weinersmit, gold can be used in this paradigm.
Buterin has joined the discussion of his tweet, who named three arguments in favor of cryptocurrencies as money: gold is incredibly inconvenient and difficult to use, especially when dealing with unreliable parties; it does not support secure storage options such as multi-signature and today, gold is less common than digital assets.
