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No, its better than digital Gold, governments have seized Gold before but unless you handover the private key they can't take your bitcoin.

I hear ya stimp, but if they really wanted to, you and I both now they could make it illegal to use - thus rendering it worthless... At least precious metals have intrinsic value beyond that which any government may render the underlying as non-legal tender... Best bet - have a good bit of both on hand and you'll be far better off than with just one or the other.... Just my opinion... :)

I am not knocking Gold, been valuable for donkeys years and will always have intrinsic value, so holding a bit of both is a wise call, eggs in one basket and all that :)