Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
Maryverycool
on 24/03/2018, 17:36:20 UTC
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.
Gold is a kind of metal whose value is recognized all over the world. Bitcoin is a digital currency whose value is only recognized by some people. I think bitcoin is different from gold, and bitcoin will not replace gold.