Quote from: DIMKAZDS on October 21, 2017, 04:59:36 PM

Quote from: 999sever666@mail.ru on October 05, 2017, 01:08:14 PM

Gold in general is no better. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.

No. I dont think bitcoin will replace gold. Although prices of bitcoin have escalated over that of gold. But still it wont be able to replace gold because firstly, gold is much more popular that bitcoin because of which it is being used much more than bitcoin. Gold is much more trusted by bitcoin because of which people invest in gold way more than that they do in bitcoin. Then gold has a physical entity and is a precious metal whereas bitcoin is just digital currency. Gold is a stable form of currency which means that its value does not fluctuate. Whereas bitcoin is not stable and its value fluctuate. Then gold is centralised which increases its stability and does not let it to collapse whereas bitcoin is decentralised and can collapse.

Yes you are correct and i agree with this that gold is much more popular than bitcoin but by the time the world become more and more technical i am sure bitcoins popularity will surely grow up more.Now as per price wise you cannot compair both as tow are completetly diffrent thing one can be use and physically exist and other one is paper money.So if internet fails and we become offline gold replaces bitcoin.on the other han internet fail is not possible before world war 3 so form my point of view bitcoin surely beats gold.