Have you ever wondered why gold is always kept in vaults?



Recently, Snowden made a remark that doesn't seem remarkable at first glance, but upon reflection, it's quite interesting: "Gold, simply put, is #隐私保护话题升温 that can't flow through the internet." This tech figure, known for privacy, pinpointed the fundamental difference between two types of assets — it's not just about form, but a redefinition of "value" in this digital age.

What's the difference? Simply put:

**Gold is confined by its physical form**

Want to move a million dollars worth of gold? Insurance, armed escort, waiting, transaction fees... every step taxes its "heaviness." From London to Singapore, physical transportation alone consumes time and costs.

**While Bitcoin exists in the code world**

It can be divided into one hundred million parts, crossing the globe in ten minutes, with almost zero transaction costs. The entire network is maintained by tens of thousands of nodes, without needing an "authority" to verify its authenticity — this is crucial.

This isn't just about convenience; it's a transfer of power. Bitcoin is the first scarce asset generated purely by code, inheriting gold's anti-inflation properties but shedding all physical shackles.

**The real significant change is already happening**

1. Institutions are quietly entering — from corporate financial statements to sovereign funds, $BTC is being incorporated into "digital asset allocation."

2. The ecosystem is accelerating its differentiation — second-layer solutions like Lightning Network and Stacks are building true value transfer networks, faster, cheaper, and more programmable.

3. A new generation's intuitive understanding — for digital natives, private keys = sovereignty, smartphones = vaults, which is much more natural than understanding gold bars and safes.

So, what will happen? Will gold continue to dominate the traditional asset pantheon, or will assets like $BTC and $ETH completely rewrite the landscape of value transfer? This silent power shift is rapidly unfolding where you can't see.
BTC-0,74%
ETH0,04%
DOGE-4,88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
PumpBeforeRugvip
· 10h ago
Snowden, this guy really knows how to talk; gold really is too bulky.
View OriginalReply0
BearMarketLightningvip
· 11h ago
That's right, the old gold standard is long outdated. The phrase "private keys are sovereignty" is a game-changer; there's no going back to the days of bank deposits. Snowden is becoming more and more interesting, huh. Gold in the vault is being attacked by code. Ten-minute global transfers vs. months of physical transportation, which one would you choose? The transfer of power has already begun; most people just haven't realized it yet. Institutions are indeed quietly entering the market, hidden deep in financial reports. The world of code is the next-generation vault, it's just a matter of habit. With a precision of one in ten million, gold can't even keep up. This is true privacy protection; there's no need to trust any intermediary.
View OriginalReply0
MetaNeighborvip
· 11h ago
Snowden's words are truly brilliant: gold is just a poor creature trapped by the laws of physics.
View OriginalReply0
DogeBachelorvip
· 11h ago
Snowden's words are spot on: gold is like BTC being throttled by the physical world.
View OriginalReply0
LiquidatedAgainvip
· 11h ago
Here we go again with this set of arguments... It sounds smooth, but the moment you go all-in, the liquidation price will teach you a lesson. I'm not against it; it's just that the last time someone used this logic, they were still topping up their position. Wish I had known earlier. Private key = sovereignty, that's not wrong, but the problem is, can you guarantee you won't suddenly get impulsive and write your mnemonic in a memo someday? Snowden is right, but don't forget, at least you can still touch the gold when it hits the liquidation line... Power transfer? Bro, why didn't I see this power transfer when I was losing money? Network nodes are indeed decentralized, but my leveraged positions were still forcibly liquidated in a centralized manner, weren't they? Layer 2 solutions are fast and low-cost... until that black swan event causes liquidity to dry up, and your risk control points become just decorations. At least gold won't plummet because a whale sells off, which is why I still keep some gold in my portfolio. Once again, I was liquidated, and I tell you with blood and tears, don't be blinded by such grand narratives.
View OriginalReply0
On-ChainDivervip
· 11h ago
Snowden's words are indeed spot on; gold is the low-tier version of BTC.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)