Post
Topic
Board Economics
Re: Bitcoin or gold?
by
lindana
on 13/01/2018, 09:18:12 UTC
GOLD
  • Adv
    • Real thing, hand on
    • Limited resources
    • Trusted by gorverment
    • Can exchange(Money stand for gold)
    • Useful: jewelry, industry,..
  • Disadv
    • Hard to exchange(high price)
    • Hard to store(protect)
    • Cannot be devide into smaller
BITCOIN(I will talk about crypto currency)
  • Adv
    • Easy to devide into smaller
    • Exchange benefit: low price exchange, fast exchange, anonymous, cannot cheat, gorverment cannot control
    • Base on blockchain, so it use many blockchain benefit..
  • Disadv
    • Not real thing
    • Not widely approve(now)
    • Not limited like gold (bitcoin is limited, but we can create another coin like bitcoin
    • Didn't have value in real life (just for exchange), cannot use for human like gold(jewelry,industry)
    • Unstable market (high risk)

This is my opinion so maybe it is not right  Roll Eyes Grin. Comment back yeah
But anyway, I much more like bitcoin and cryptocurrency because of its adv. I am quite optimistic about bitcoin, cryptocurrency and blockchain. This is a very important part of our future.