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Ethereum CEO Says Crypto Is A Better Bet Than Gold

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1

Vitalik Buterin (co-founder of Ethereum blockchain) stated in a tweet that crypto is better than gold.

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2

He said this because it is more convenient and easier to use. Buterin claims that these characteristics make gold less attractive. 

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3

Still, some crypto opponents argue that gold is better because it is not controlled only by a few entities, unlike the Ethereum blockchain.

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4

Buterin slams Zach Weinersmith, an author who asserts that gold is compatible with the crypto-cratic ideals.

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5

Weinersmith suggested in a tweet that he posted the same day that the only argument crypto advocates have is for a decentralized money issue authority. 

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6

The author still wondered why gold needs to be promoted as a solution, considering its characteristics and qualities.

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7

It is incredibly inconvenient to use gold. It is difficult to use, especially when transacting with unknown parties. 

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8

It does not support multi-sig storage. Crypto is more popular than gold now, so it's better to go with crypto.

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9

Buterin's direct response to Wienersmiths initial tweet provoked immediate reactions from crypto advocates and opponents on Twitter. 

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10

Hayden. Eth, a user, argued that gold also faces the danger of massive centrally controlled inflation because of asteroid mining.

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