Post
Topic
Board Bitcoin Discussion
Re: Why not compare Bitcoin with money?
by
eriwis
on 09/04/2018, 12:51:25 UTC
Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.
People can create bitcoin or alternative coin but can't create gold. That's why bitcoin or any altcoin can not be equated with gold.