Which form of money is more under self custody ? #askNostr #bitcoin or #gold
Satosha's avatar Satosha
Is Sun made of #Gold ? #askNostr The density at the inner edge of the Sun's radiative zone is approximately 20 g/cm³. This is remarkably close to the density of gold, which is 19.32 g/cm. The radiative zone can be considered a wrapper around the Sun's nuclear core. It is a distinct layer that surrounds the core, extending from the outer edge of the core to about 70% of the Sun's radius. However, this distance seems tiny when we consider the time it takes for photons traveling at the speed of light. To pass through the Sun's radiative zone is estimated a photon takes between 100,000 to 170,000 years. Which means Sun's Radiative zone is about 130 ,000 light years - give or take !
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npub1l2hm...s6rs 11 months ago
define "self custody" .. In this case I think gold, cos you dont own "physical" bitcoin, just a key to spend certain UTXOs. Every node runner technically "owns" all bitcoin, just cannot spend most of them.
Good point on all UTXOs being available on every node with a limitation on what I can spend Self Custody to me is not about physical or digital or UTXOs .. it is about - does the real owner hold it under direct control or a third party (human) holds it on my behalf .. if I hold my UTXOs in say a coldcard ..I self custody bitcoin ...
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nobody 11 months ago
1 btc já vale mais que 1kg de ouro, mas você não pode transportar fora a deflação etc etc
My hunch is Gold is more under "Self Custody" because Indian and Chinese citizens hold privately hold around 60,000 tons of gold - in self custody .. then most nation states have Strategic gold reserves under self custody .. for example US SGR holds gold in self custody at Mt Gawks .. The gold ETFs are a very small fraction of total supply ,. v/s bitcoin held on exchanges through ETFs or otherwise !
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nobody 11 months ago
Eles vão vender ouro pra comprar btc em breve, nem estou contando os ETFs, com minhas seeds não sou roubado por ninguém, já o ouro..
Yes. .. in the grand scheme - one btc will be = 10 kilos of gold .. because there are 21 million bitcoin and there will be 210 million kilos of gold .. give of take
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Andreas Griffin's avatar Andreas Griffin
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