Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin Replace Gold ?
by
ToyotaFortuner
on 09/04/2018, 02:14:42 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

in my opinion bitcoin is very potential to replace gold because bitcoin more clearly only has a total supply of 21 million pieces of bitcoin while gold is still very much and you try to imagine how long gold exchange has been going on while the new bitcoin briefly already can almost equal the circulation of dollars earned from trading bitcoin .