Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
Betwrong
on 12/10/2016, 07:03:30 UTC
if there is natural disaster [i.e tsunami, earth quake etc] on your area and internet goes down what do u pick?
gold already proven by the time and can stand with variety of conditions (not easy to destroyed), but bitcoin depends on internet, if internet down(because of natural disaster or any cause)...then poof you can't use your bitcoin even you have private key

If the internet goes down in the entire world, you will have much bigger problems than trying to use your bitcoins. Your gold will not be worth anything either. Food/medicine/essential goods will be what drives the demand by then. Some call it the apocalypse - other the end of the world.

But intill that day, bitcoin will thrive.

I agree. In case we have such a disaster that the Internet goes down and we can't use Bitcoin gold wouldn't be much of a help either, so let's just hope this won't happen and think more realistically. For the older generation, for those who is over 60 now, Bitcoin will never replace gold, but for the younger ones it will.