Part 9/12:
Security challenges also persist. While the protocol is robust, individuals are vulnerable to hacks, scams, and physical threats like "wrench attacks," where criminals threaten or coerce owners into relinquishing their holdings. Regulatory uncertainty adds another layer of risk; evolving laws and potential clampdowns could impact Bitcoin’s adoption and value.
The Final Scorecard: Comparing Gold and Bitcoin
Using Michael Saylor’s framework, the attributes of both assets can be systematically examined:
| Attribute | Gold | Bitcoin | Winner |
|---|---|---|---|
| Scarcity | Scarce but inflates 1.5-2% annually | Absolutely fixed at 21 million | Bitcoin |
| Portability | Physical and cumbersome | Instant and borderless | Bitcoin |