In response to a Twitter thread, Ethereum founder Vitalik Buterin stated that crypto is “a better bet” than gold and that “gold has less adoption than crypto.” The Ethereum founder responded to The New York Times bestselling author of Soonish, Zach Weinersmith, who questioned the advantages of cryptocurrency over gold. Buterin replied that gold is “extremely inconvenient” and “difficult to use when transacting with untrustworthy parties.” He also claimed that gold “doesn’t support safe storage options like multisig,” a reference to multi-signature cryptocurrency wallets that require multiple parties to approve a transaction.
