Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
Fofofolo
on 30/05/2016, 10:55:11 UTC
Bitcoin is the best when you want too hide to others that you are rich,
When you have many golds you cant hide this, many people want it, want to get it, you cant secure it.
So Bitxoin is the best

You have a good point, but that can also be a disadvantage. If your private key is compromised, you can lose a great deal of wealth or even if it is

not compromised, but you only stored the information on a piece of paper and your house burns down. For these reasons I store my coins in many

locations and I have duplicates in more than one deposit box. Gold will melt in a fire, but you will still be able to retrieve it, once the fire was

extinguished. At this stage, gold is more recognizable and a thief will know what gold is, but I doubt if the average thief will know what Bitcoin is.
gold is always a better way to buy something in stores. you cant buy something in store with a bitcoin, thats why gold always will be the first way to pay. maybe they can add bitcoin payment method in webshops