Post
Topic
Board Economics
Re: Bitcoin or gold?
by
ASHLIUSZ
on 12/07/2016, 07:09:47 UTC
What is really good about bitcoin after all is a very important and simple thing: NO QUESTIONS ASKED.

I create a wallet, put some funds into it and that's it. No questions asked.

Of course, when I will have to redeem thos funds I would have to be careful but for the moment I need a store of value and apart from an inevitable volatility BTC is the best.

I can't carry gold around.
BTC is hard to steal and people will not notice about our status in life because we have our money in the internet and anytime we can use and withdraw it whenever we feel we want to spend in something.
Gold has been used as medium of exchange throughout history,however its inherent characteristics make it quite inefficient as a payment method. Gold is difficult to store or carry and is also very inappropriate for small transactions. On the other hand, Bitcoin is extremely simple to store, easy to carry and also an excellent store of value working as an asset outside of the banking system and government control.