It was a good summary.
But I'll play the devil's advocate and list some advantages that gold does have.
  • Proven track record
  • Universally acclaimed store of value
  • Will not fail due to some programming error or cryptography breaking
  • Has intrinsic value (which is not needed for something to be money. Unclear if this is a pro or con)
More?
It's available during network outages.
It might have fundamentally stronger legal protection in the US.
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