Quote from: bryant.coleman on January 27, 2018, 03:05:03 PM

In order to defeat gold, first Bitcoin needs to achieve the same level of popularity and user-base as that of its rival. But as of now, Bitcoin is far behind gold in terms of these parameters. Bitcoin is having around 100 million users, while gold is estimated to have more than 2 billion users.

Quote from: ashlyvash00 on January 27, 2018, 02:39:55 PM

I agree that bitcoin defeat gold.Because bitcoin now has great price and its increasing everyday while gold its increasing so slow and a tiny increase price not like bitcoin huge price increase.i think if you lucky bitcoin will increase 500$ in a week or day

No wonder that you are having a Merit of 0. If you make shitty posts like this, then soon you will be having a Merit in negative.

The real statistics may be even worse for Bitcoin than you think. First off, I really doubt there are around 100 million bitcoin users in the world. There might be so many people who used Bitcoin at this or that point in time but it is not like 100M people are using it today. Second, even if people have some coins in their wallets, can they be officially considered Bitcoin users? I think there are many wallets with dust not sufficient even to make a single transaction. These are left for dead, and they won't be moved until transaction costs go down a few dozen times. These are my thoughts.

Quote from: markj113 on January 28, 2018, 01:27:34 PM

Why is an oz of gold directly comparable to 1 bitcoin?

Why not a grain, gram, oz, troy oz. tael, tola, kg or tonne?

As far as I understand it, people love comparing things using basic units of account, thus we have 1 ounce of gold versus 1 bitcoin.