@PeterSchiff An email saying you have gold is not the same as having gold. You might as well have crypto.
Money is just data that allows us to avoid the inconvenience of barter.
That data, like all data, is subject to latency & error. The system will evolve to that which minimizes both.
Bitcoin soared to a new all-time high after Tesla said it will soon accept bitcoin as payment for its vehicles. The electric car maker also said it has invested $1.5 billion in bitcoin. https://t.co/QB0TRDmweu