Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin replace gold?
by
rizqillah
on 02/04/2018, 16:01:22 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.

I dont think so. many people prefer gold to investing because it is stable and not volatily. and phisycal is one of thing why people like gold. so its a long way if bitcoin can replace it.