Post
Topic
Board Economics
Re: Why people says gold is better?
by
gcckpxm62308
on 01/02/2018, 07:37:23 UTC
Gold is a mechanism to store value / purchasing power, though we cannot use it directly to buy goods or services nowadays due to the difficulty of measurement.

Bitcoin, on the other hand, is hard to be a payment method due to high transaction fee a slow transaction time when it comes to small payment.

Yes, because gold is a mechanism to store value/ purchasing power. But for me, bitcoin is much better now than gold, because some markets, stores, you can paid using bitcoins.
Bitcoin payments are not yet widespread, and now only a handful of stores in a handful of countries support bitcoin payments. If you take gold to pay, I think more stores are willing to accept gold instead of bitcoin.