I wouldn’t say that Bitcoin is better than gold . Both have their own strengths and weaknesses. But if I were to choose one between the two, I think gold still outweighs Bitcoin in this case. Maybe if Bitcoin goes through more refinements then I’d pick it over gold. It’s still too early for us to ditch fiat currencies and commodities like gold. If systems crash and networks go haywire, I’d rather have something tangible in my arsenal.

The TS makes good points though. As we look at Bitcoin today, more and more users are encouraged to try transacting with bitcoins. Soon, it might just be the number one alternative to real money.