Post
Topic
Board Economics
Re: Holdings of gold vs Holdings of btc
by
Reid
on 09/05/2017, 18:41:16 UTC
Well in my opinion, bitcoin will never be equal to gold because gold has physical value and represents for the whole economy while bitcoin is just numbers. One possibility for that to happen is we lose all our gold

Yes, gold has value in the real world, and bitcoin is valued only on the Internet. Therefore, they can not be compared, gold is much more valuable.

That is not the point there.
Bitcoin should be compared with fiat. Gold is way different. We should be looking more of bitcoin as a currency.
Although it is hard to see it that way for others it should be like that.
More of like a credit card into which bitcoin filled card.
We know credit cards gave ease to those who dont want bringing cash in their pockets. That is what bitcoin is also offering just much better.