Post
Topic
Board Bitcoin Discussion
Re: WTF is Bitcoin?
by
jovs
on 21/03/2018, 14:00:24 UTC
No, gold is a physical thing you can hold in your hand. Bitcoin is electronic data. It is stored on the blockchain for everyone to see. Everyone cannot see all the gold. The blockchain cannot be manipulated unless there is someone who controls over 51% of the mining power. Gold can be melted and turned into other material. Both are hard to change. Gold and Bitcoin are similar in some regards, but also very different.

There is always a war somewhere, but I don't believe it has any effect on whether people want gold or bitcoin.
There are some similarities and differences between gold and bitcoin, But both are considered to be a good choice to store your wealth through investment, because both are really so valuable. Gold has been a store of value for a very long period of time, it is a finite deposit, but unknown in terms of the exact quantity. Bitcoin is a non tangible, but consider as valuable and done electronically.