Transporting Bitcoin vs Transporting Gold #Shorts

Name: Transporting Bitcoin vs Transporting Gold #Shorts
Uploaded: 2022-02-24T14:00:12Z
Duration: 20 s
Channel: Chris Larsen
Description: A short YouTube video (uploaded by Chris Larsen) featuring a two-person conversational debate about the practical difficulties of transporting large sums…

24 Feb 2022 · 0 min

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0:20

A short YouTube video (uploaded by Chris Larsen) featuring a two-person conversational debate about the practical difficulties of transporting large sums of gold versus Bitcoin. The speakers use a concrete hypothetical—moving a billion dollars of gold from North Carolina to Albania—and discuss logistics, costs, and implied risks (one speaker jokingly mentions an illegal arms purchase) to illustrate how physically moving gold is challenging compared with moving digital currency.

I guess it would be up to the public to decide who won the debate. But at the end of the day, I said the problem is Bitcoin is scarcer. We just talked about what it is. It's easier to transport. By the way, think about if you had a billion dollars of gold.
I'm sorry, is that how much? A million?
A billion doesn't matter.
A billion.
A million. A billion.
Well, I'd prefer a billion personally, but.
You have a billion in gold and you're sitting there in North Carolina and you need to move it to Albania just for whatever reason.
Yeah, I'm thinking like illegal arms purchase in Albania or something like that. But let's say I'm going to. Yeah. What's the cost to move it? Right?
Yeah. So what's the cost to move it? What are the logistics and the difficulty of doing that.